On: Uber S-1

[rongenre]

It's against any competently worded lockup agreement.

"“Derivatives” is sort of a vague term, and there is a persistent folk belief that they have magic powers, that any legal or financial problem can somehow be solved by doing a derivative."

https://www.bloomberg.com/opinion/articles/2019-04-08/lyft-i...

[usaar333 → rongenre]

Lyft's common stockholder market standoff agreement doesn't bar hedging. See the s1.

[vecter → usaar333]

But employees are forbidden to hedge. Source: am one.