The volatility may not directly impact employees with lockups, though there are two potential outcomes. First, the volatility could cause issues even after the

The volatility may not directly impact employees with lockups, though there are two potential outcomes. First, the volatility could cause issues even after the 'cooling off' that would take place over that month. Second, the 'lost capital', which was captured by the investment bank is lost to the company, so the company is in a weaker state, both because having a weaker balance sheet is bad, and because it could have used the money.