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Can you say a little more about this? You signed an offer letter in Jan and then you were able to get additional equity? How did moving the start date factor
by jh00ker 5y ago
Can you say a little more about this? You signed an offer letter in Jan and then you were able to get additional equity? How did moving the start date factor in?
- jtwaleson 5y agoAn offer typically involves a dollar amount of equity. Not a fixed number of shares / options.
- devmunchies 5y agoIn January, I negotiated an equity grant at a fixed value (hypothetically, $1 million, vested over 4 years). That $1 million value doesn’t change, it’s what my offer agrees to. The strike price (value per share) is based on the average stock price N days before my starting day. If I started Feb 1st, the strike price would be based on the N days before Feb 1. If I push my start date to April 1st, it would be based on avg stock price N days before April 1st. I would rather get $1mm worth of stock at $60/share than $1mm at $110/share, for example.