Hacker News Reader

> Why does an executive deserve to de-risk more than other employees?

Yes. The SEC used to prevent insiders from selling stock until two years after the IPO. That ended some time around 2006, I think.

lock up periods are still fairly common, did the sec really require 2 years at one point?

Yes. It took me six years to cash out of Autodesk, since the first stages went to getting enough cash to pay the taxes on the next stage.