Yes – any stock you contribute generally needs to be freely tradable (not subject to lock-ups or major resale restrictions). We require contributed shares to be public and liquid so the Pod can manage or rebalance the assets without obstacles.
If you hold restricted stock (for example, recently IPO’d shares under lock-up or control securities with Rule 144 limits), we’ll likely ask you to wait until those restrictions expire before contributing. The goal is to keep the Pod’s portfolio flexible: if we need to sell or margin the stocks to acquire assets like aircraft, we can do so. If you’re unsure about your stock’s status, we can review it together and advise on when or how it could be contributed.