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If say that you were working at Reddit for quite a number of years and all your original options had vested and you had exercised them, then since Reddit went p
by hmottestad 2y ago
If say that you were working at Reddit for quite a number of years and all your original options had vested and you had exercised them, then since Reddit went public you would now easily be able to sell your stocks, or keep them if you want. So then you wouldn’t need to sign the second contract. Unless of course you had gotten new options that hadn’t vested yet.
- p1esk 2y agoMy understanding is as soon as you exercise your options you own them, and the company can’t take them from you. Can anyone confirm this?
- eru 2y agoWith private stocks, they can put further restrictions on what you can do with your stocks.
- p1esk 2y agoSure, but in the event of liquidity, can they refuse to pay me the value of my shares? For any reason?
- eru 2y agoIf they have even moderately clever lawyers and accountants, yes. See eg https://en.wikipedia.org/wiki/Shareholder_rights_plan https://en.wikipedia.org/wiki/Shareholder_rights_plan also known as a 'Poison Pill' to give you inspiration for one example.