I worked for a company that offered ESPP decades ago. The stock had an odd habit of dipping in the middle 3 months of the period with price peaks at either end.

I worked for a company that offered ESPP decades ago. The stock had an odd habit of dipping in the middle 3 months of the period with price peaks at either end. While continuing to steadily decline YoY. The company went bankrupt about three years after I finally left. There were very few employees who made any money off of the ESPP shares.