It was an excellently timed IPO because the insiders’ lockups expired in 2021 while the stock was above $100. I know someone who had >$5M worth of Unity stock

It was an excellently timed IPO because the insiders’ lockups expired in 2021 while the stock was above $100. I know someone who had >$5M worth of Unity stock (employee grants). He sold it all in 2021. Had the IPO happened a year later, his stock would have been worth 80% less. I’m assuming a lot of these Unity insiders sold. Fortunately genius fund managers like ARK’s Cathie Wood were buying hand over fist.