alt Hacker NewsOk everyone saying this is how it works but where’s the proof? SpaceX has a 7 day lockup for some people which is abnormal. So clearly the way it’s done isn’t in fact how it’s always done.
Replies
bilekas • yesterday at 3:24 PM
> SpaceX has a 7 day lockup for some people which is abnormal
You might be referring to staff members who have shares ? Their shares are not restricted securities as far as I know, but their internal company policy might affect those, but I'm not 100% certain on that.
➕ show 1 reply
https://www.sec.gov/reports/rule-144-selling-restricted-cont...
> Holding Period. Before you may sell any restricted securities in the marketplace, you must hold them for a certain period of time. If the company that issued the securities is a “reporting company” in that it is subject to the reporting requirements of the Securities Exchange Act of 1934, then you must hold the securities for at least six months