Shares of Etsy fell 9% Monday, the day that a lockup agreement for about 21.9 million shares expired. Those shares were owned by executive officers, directors and “certain stockholders,” according to an SEC filing. The next lockup expiration is on April 10, 2016. Shares of Etsy have fallen 44% in the past three months, compared to the S&P’s loss of 5%. Etsy shares have fallen 74% since the company’s first day of trading on April 17, 2015.
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