3 ms·
Why don't you make it fair, like "everybody can sell X% of their vested shares". You can even be nice to employees and do it like "everybody can sell max{Z piec
by Maro 8y ago
Why don't you make it fair, like "everybody can sell X% of their vested shares". You can even be nice to employees and do it like "everybody can sell max{Z pieces of stock, X% of vested}", and set Z so that people will be happy, but it's still not too much. The co-founders have more, so they'll get more $, but everybody is okay with that. I had this happen at one of the companies (I was an employee), it was totally cool.
If you don't let employees cash out some of their stock, the good ones will leave. Remember, every company on the face of the earth is looking for good Sw.Eng., PM, DS these days; it's a seller's market, good people will just pack up and go on to the next gig.
- landon32 8y agoFor sure agree with this—letting your employees get a (very small) windfall themselves might make it easier for them to justify hard work and (potentially) lower pay. It also just shows you really care about your employees.
- jacquesm 8y agoDepending on how long they have held the stock it may be a very small amount of money. Typically a real pay-out would require having held the stock for 3 years or more at a minimum, so this would benefit only the earliest employees in most cases.