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🌍 US & Europe · Secondaries & liquidityStructured liquidity program
Also called: liquidity program
In one line
A recurring, company-run framework that gives employees regular, scheduled chances to sell some shares.
In plain English
Rather than one-off tenders, some mature private companies set up ongoing programs — annual or quarterly windows — so employees have predictable liquidity without an IPO.
If you were explaining it to a 5-year-old
The club promises a toy buy-back day every few months, so kids always know when they can next sell some toys.
Why it matters when you sell
If your company runs one, you can plan sales around known windows instead of chasing private buyers.
Related terms
Put it to use
When you're ready to go deeper, there's an optional Equity Toolkit and Report.
Sources
A general market-practice term. See how we define and source the glossary in our methodology. General information, not advice.
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