Latest / The Startup Exit Podcast with Fexingo: IPOs, Acquisitions, and Founder Liquidity Events
How Founders Use Rule 144 Holds to Free Up IPO Cash
Lucas and Luna dive into a little-known SEC rule that lets founders and early investors sell shares without waiting for the standard lockup to expire. Using the recent IPOs of Reddit and Arm as case studies, they explain how Rule 144 holding periods can be satisfied during the quiet period, allowing insiders to diversify months earlier. Lucas walks through the mechanics—how the clock starts, what constitutes a 'tacking' period, and why this is suddenly a hot topic as more unprofitable tech companies go public. Luna raises the practical risks: signaling to the market, underwriter…
The skinny
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