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90-day exercise window on options.[1] That means you may lose your vested options when you leave before a liquidity event.[2] However they do allow early exerc
by abalone 10y ago
90-day exercise window on options.[1] That means you may lose your vested options when you leave before a liquidity event.[2]
However they do allow early exercise. That means if you can afford the strike price when you join, then you won't lose your vested equity when you leave. Taxes are the main reason people can't afford to exercise their vested options when they leave, but if you early exercise then you pay no up-front tax (or very little).
So that's better than average, but not as good as the new hotness of 7-10 year exercise windows like what Quora or Pinterest are doing.[3] Reason being, the strike price can still be expensive for folks so it's better if you can just keep your vested options.
[1] https://about.gitlab.com/handbook/stock-options/ https://about.gitlab.com/handbook/stock-options/
[2] https://zachholman.com/posts/fuck-your-90-day-exercise-window/ https://zachholman.com/posts/fuck-your-90-day-exercise-windo...
[3] https://dangelo.quora.com/10-Year-Exercise-Periods-Make-Sense https://dangelo.quora.com/10-Year-Exercise-Periods-Make-Sens...
- sytse 10y agoThanks for posting this. We discussed this internally and have a blog post in the making. Since most options where issued at a relatively low valuation we have not experienced this problem yet. But we are thinking about how to get ahead of the problem before it occurs.