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In 2004, Microsoft Corporation started giving employees stock that cannot be sold for a specified period of time. This is a type of restricted stock.
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In 2004, Microsoft Corporation started giving employees stock that cannot be sold for a specified period of time. This is a type of restricted stock.

User Julien Salinas
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This is what is called a lock-up stock, IPO lock-up is period of days, typically 90 to 180 days, after an IPO during which time shares cannot be sold by company insiders.
User Tyler Pflueger
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