> Because they are lots of employees who want to convert their stock into money to but things this window gets flooded with sellers and employees wind up getting 80 cents on the dollar compared to other stock holders.

I receive stock in compensation. I have elected to auto-sell it - this works even during trade window freezes.

Alternatively, they may end up getting 120 cents on the dollar, compared to other stock holders, if the stock rose in price between the time that other insiders could sell, and the time that employees could sell. If the company's on an upwards trajectory, this is quite likely.

> Also it's not like there are a bunch of private investors waiting to write $555M checks to company's whose financials suck... how could that make any sense?

https://en.wikipedia.org/wiki/Pets.com