I picked that answer because they hadn’t gone through an ipo.
Hi, I get where you’re coming from, but whether or not the company has gone public isn’t the key factor here. Since the CFO holds unregistered stock (restricted stock), they have to follow the rules for both restricted stock and control stock.
Because they’re insiders (affiliates), they’re subject to a 6-month holding period and volume limitations. It’s important to remember that these rules apply to unregistered stock regardless of an IPO.
[MB2WW] The chief financial officer (CFO) of a technology comp... | Achievable SIE…
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