According to the S-1 filing of SpaceX, shareholders (which include employees with stock) can sell up to 20% of their stock starting on the second full day of trading after the company releases its first earnings report.
So each employee can sell 20% of their stock (probably options, but since they’ve had an “Employee Share Purchase Plan” (ESPP) some will hold actual shares). If 80% of someone’s holdings are dependent on them staying at SpaceX I doubt many will leave after selling 20%.
20% of all stocks, specifically those held by employees.
That doesn’t make sense so I went and looked it up.
So each employee can sell 20% of their stock (probably options, but since they’ve had an “Employee Share Purchase Plan” (ESPP) some will hold actual shares). If 80% of someone’s holdings are dependent on them staying at SpaceX I doubt many will leave after selling 20%.
Who would be crazy not to dump