4 ms·

Uber

• linkregister 10y ago
  For options employees; RSU employees don't have the 90-day expiration. It is pretty egregious that options employees are in that predicament. Edit: please correct my fact or otherwise respond. If I am incorrect I'd like to know; the drive-by downvote doesn't help.
  • hkmurakami 10y ago
    Is the options employees vs RSU employees distinction simply dependant on their join date? (before and after the company switched from options to RSUs) This is fascinating because at other companies, you can easily have the opposite: A company goes from having option with an extended option exercise period (say 2, 7, 10 years) to RSUs. The RSUs, whether they are on a delayed vesting with handoff when employee leaves, or outright confiscation upon departure, are both worse than the options scenario.
    • linkregister 10y ago
      I'm guessing it's dependent on join date. I'll ask my friends. The scheme with Uber is the options can be exercised up to 90 days after departure, but the RSUs are held until IPO, at which the employee/former employee takes possession of them and is responsible for paying taxes on the income. Secondary share sales are essentially prohibited, only being authorized if the board approves them. Illiquid until IPO.