Coinbase Options FMV
Received an offer from Coinbase, have to take a call in 3 days. In Forge global I see that private equity/option price was around $36 in Oct 2018. In May 2019 there was a reverse split 1:6. Does the split make the options price go higher? Any idea about the current options strike/fmv price? TC 155
The OL says "The target grant date value will be converted into a number of shares (rounded down to the nearest whole share) by dividing the target grant date value by the difference in value between preferred and common share values on the date of grant". The exercise price will be fmv of common stock.
Talk to your recruiter and they will talk to you about an idea on how to value your options. Obviously there’s no market value and they can’t give you a precise number. The split doesn’t matter, everyone got 6x number of options for 1/6 the price.
Can you share position and offer?
IT Application Eng: 150k/30k TC:180
FMV is private within a company and is usually not public. What you see on Forge is the preferred stock price (what investors paid in a certain funding round) and is usually 2-3x the FMV. Reverse splits would reduce the number of shares and increase the value per share.
Is the number of shares fixed after joining the company?
Your offer letter would either have a fixed number of shares or a fixed dollar amount for equity. If it states a fixed number of shares, that's what you will get over the vesting period. If it states a dollar amount, the number of shares will be calculated based on share price on grant date (you should ask whether they will use FMV or preferred stock price for this). This number will obviously not change once your grant is approved and will vest according to your vesting schedule.