4 ms·
options can only last 7 years, but brex was founded in 2017.
by itake 9mo ago
options can only last 7 years, but brex was founded in 2017.
- SilverElfin 9mo agoWhen the options expire do they give new equivalent ones to the employees that hung on? Otherwise what’s the point?
- pastel8739 9mo agoYou can exercise the options before that time is up, paying the strike price to convert them to shares
- SilverElfin 9mo agoBut then you’re potentially stuck with worthless options you can never trade, right? Seems very unfriendly to employees
- seattle_spring 9mo ago> Seems very unfriendly to employees Ding ding ding ding ding! Most ICs figure this out sooner or later. Unfortunately many only discover it after being screwed hard financially.
- singron 9mo agoYou have to exercise the options or let them expire. You normally have 10 years not 7, but if a company comes up on 10 years after they issued their first options, they might try a tender offer to buy some employee shares. If your 10 year old "start up" shares can't be sold anywhere, then they probably aren't worth exercising. A company that can't provide liquidity to employees for 10 years will probably never do it.
- rahimnathwani 9mo agoWho says options can only last 7 years?
- singron 9mo agoISO options have to expire within 10 years of when they are granted. Sometimes companies make them expire earlier than that, so OP might be thinking of options they were granted. E.g. I once had options that expired 30 days after ending employment even thought the ISO requirement is up to 90 days.