logoalt Hacker News

bilekastoday at 1:07 PM1 replyview on HN

This is just a general practice that always happens when paying in stock. It's to prevent a massive dump the next day which would tank the share price 'artificially'. Again, rich people's rules.


Replies

bix6today at 2:57 PM

Ok everyone saying this is how it works but where’s the proof? SpaceX has a 7 day lockup for some people which is abnormal. So clearly the way it’s done isn’t in fact how it’s always done.

show 2 replies