3 ms·
Don't rules about sales needing to be approved by the board block such transactions?
by cperciva 12y ago
Don't rules about sales needing to be approved by the board block such transactions?
- siberianbear 12y agoWhen I bought my options at a pre-IPO startup, my agreement was that the board had a "first right repurchase," not a block. So if I were (for instance) to sell you my shares for $10, the company would have the right to buy them at the same price instead. Perhaps there are other types of agreements out there, and therefore YMMV.