Which one of the following situations describes a secondary offering of stock by a company?

Which one of the following situations describes a secondary offering of stock by a company?
A . The company has an initial public offering of its stock and its investment bank needs to add mote shares to the initial public offering to meet excess demand by investors
B. After the lockup period of the initial public offering ends, the company 3 founders sell some of their shares to the public
C. The company repurchases shares of its stock in the open market, but it then later sells these shares in the open market
D. After completing its initial public offering, the company sells more new shares of its stock

Answer: B