4 ms·
I thought employees of facebook can't sell for 6months after the IPO. Is this not true?
by knodi 14y ago
I thought employees of facebook can't sell for 6months after the IPO. Is this not true?
- ceejayoz 14y agoKey word: employees.
- knodi 14y agoIsn't CEO technically still a employee of the company.
- ceejayoz 14y agoTechnically? Yes. Realistically? He has the power to do a lot of things regular employees can't.
- bcherry 14y agoThose restrictions are usually not defined in blankets based on role, rather they're written into the stock option agreements at time of grant. Presumably, Zuck and others don't have that clause, at least not on all of their shares.
- heelhook 14y agoNope, 90 days. And Mark, and a bunch of early players, like Eduardo Saverin, GS and others sold during the IPO.