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Given that the buyback price is above market price, I don't see a problem with this. Palantir is compensating you for signing a noncompete/NDA. If you don't wan
by argonaut 10y ago
Given that the buyback price is above market price, I don't see a problem with this. Palantir is compensating you for signing a noncompete/NDA. If you don't want to sign those things, you are free to sell on the private markets for less than what Palantir offers you.
- cbsmith 10y ago> you are free to sell on the private markets for less than what Palantir offers you Perhaps you are more aware of the terms on those shares than the rest of us, but generally you aren't quite "free" to sell the shares on the private market.
- argonaut 10y agoRead the article more carefully: "Palantir did not impose restrictions on employees or stockholders selling shares in the private market."
- cbsmith 10y agoI did miss that detail. Sorry.
- ryporter 10y agoMany former employees have done exactly this.
- cbsmith 10y agoMany have, but the way the stock agreements are structured, it effectively gives them a pocket veto on stock sales, which impacts the value that an employee can get for them.