Another question along these lines, since OP's question seems well-answered: If a startup employee has 90 days to exercise options after leaving a startup, wha

Another question along these lines, since OP's question seems well-answered: If a startup employee has 90 days to exercise options after leaving a startup, what happens if a liquidity event happens during that 90-day window? Specifically, I'm wondering whether a cashless transaction is possible, particularly if it is a cash deal.