Lock-up agreement prevents the sale of insider shares,those owned by directors,managers,founders,employees,and other insiders,for 12 to 36 months.

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A lock-up agreement indeed prohibits the sale of insider shares for a specified period, which is typically between 12 to 36 months. This measure is designed to provide stability to the company's stock price after an IPO or other significant event that can trigger a massive sell-off of insider shares. It also assures investors of insider commitment to the company's long-term goals.

Lock-Up Agreement Prevents the Sale of Insider Shares,those Owned by Directors,managers,founders,employees,and