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Maybe someone can answer this. When negotiating equity, couldn't you red line the lockout period provision? Or is this set by law? If it is by law, how are
by adrr 14y ago
Maybe someone can answer this. When negotiating equity, couldn't you red line the lockout period provision? Or is this set by law? If it is by law, how are executives getting around it?
- beagle3 14y agoThere's a law (SEC rule 144) which says that if shares were not bought in an open market, they are locked up for 6 months after the event that makes them liquid (more or less). It's complicated, but generally you're rarely in a position to NOT need to adhere to it, regardless of what your contract says.