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Current Uber employees have restriction on stock sales to SoftBank

Photo: Mary Altaffer / AP

Current Uber employees eligible to sell shares to SoftBank are only allowed to tender up to 50% of their holdings, while there are no such restrictions on outside investors or former employees, according to multiple sources. The vast majority of Uber employees are not eligible, because they received restricted stock units rather than stock options.

Bigger picture: For years there has been alignment of interests between current and former Uber employees, in terms of stock value. This restriction changes that dynamic.