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To add insult to injury for Uber's rank and file equity-holding employees: the terms of Uber's stock offers (at least since 2016 if not earlier) say that you ca
by khazhou 7y ago
To add insult to injury for Uber's rank and file equity-holding employees: the terms of Uber's stock offers (at least since 2016 if not earlier) say that you cannot sell your shares until one year after they officially vest. That's right, they tack on an additional one-year waiting period for each block of shares awarded. So if you had shares that vested today, e.g., you can't sell those even when the regular six-month lockup period expires... you have to wait until May 2020.
(source: turned down offer in 2016 because of employee-unfriendly terms)