alt Hacker NewsEmployee shares usually get put in a 3-6 month lockdown so they don't get to participate in the bubbly robinhood excitement.
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bix6 • yesterday at 9:27 PM
The s1 lays out the exact schedule and let me tell you it is not a normal schedule. Is that a surprise anymore though?
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It's also often also part of the employee retention plan. If you discover your boss has lied to you shortly after an IPO or a merger, then odds are good they were trying to hold onto you by any means necessary until their bonus was paid out.
I've had several people I trusted destroy our relationship this way over the years.