89,007,617 shares held by our Founders and their affiliates will be permitted to be sold immediately under the Founders’ lock-up agreements and will be registered for resale pursuant to the registration statement." If such record holders sign the lock-up agreement, up to an additional 37,369,371 shares of common stock, including shares issuable upon exercise of outstanding stock options, would be able to be sold during the lock-up period. ![]() In addition, certain record holders subject to market standoff agreements with us have not signed the lock-up agreement and are therefore not permitted to sell any shares during the lock-up period. The remaining 1,863,150,291 shares, including shares issuable upon exercise of outstanding stock options, will be able to be sold after the lock-up period, subject to applicable securities laws and our insider trading policy. Starting on the first day of trading, the restrictions contained in the lock-up agreements will no longer apply to (i) an aggregate of 383,609,647 shares of common stock, including shares issuable upon exercise of outstanding stock options, and (ii) an aggregate of 68,149,214 shares of common stock issuable upon vesting of restricted stock units. Our executive officers, directors, and record holders representing over 99% of our capital stock and securities convertible into or exchangeable for our capital stock are subject to market standoff or lock-up agreements with us under which they cannot sell, offer, contract to sell, pledge, grant any option to purchase, lend, or otherwise dispose of shares of our capital stock, or enter into any hedging or similar transaction or arrangement that is designed to or could reasonably be expected to lead to or result in a sale or disposition or transfer of any of the economic consequences of ownership of shares of our capital stock, until the start of the third trading day following the date of public disclosure of our financial results for the year ending Decem(the “lock-up period”), except as described below and subject to certain other exceptions. Hours respective to their own timezone. ![]() ![]() Read the FAQ if you're new to both wallstreetbets and trading. The rules and submission guidelines are maintained on new Reddit so be sure to check them and make sure you're up to date.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |