4 ms·

If the company isn't public, presumably you can't exercise risklessly, right?

• wdewind 11y ago
  Mostly true but sometimes you can sell on a secondary market or through a tender offer.
  • rb2k_ 11y ago
    At least for one of my previous employers, the secondary market was not interested. I personally wouldn't count on it unless one is working for a highly visible startup ;)
    • wdewind 11y ago
      Definitely true, and many times there are clauses preventing you from selling to a 3rd party before IPO anyway.
      • rb2k_ 11y ago
        Usually those providers don't "buy" it from you. They do fun things like giving you a loan with the options as a collateral. You would then default on the loan at the point of IPO. So theoretically you don't sell them anything.
        • wdewind 11y ago
          Interesting, I had never heard of that.