CompensationFeb 9, 2019
NewoNqW15

Do you have cashless exit stock options?

I am an early c level employee at a startup and am fighting for cashless exit for my stock options. I would never be able to afford to buy them. Curious which other companies do and don’t offer cashless exit?

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DvVM00 Feb 9, 2019

never heard of this. do you mean cashless exercise?

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oNqW15 OP Feb 9, 2019

Yes sorry cashless exercise

Uber uber_x^x Feb 9, 2019

Were the terms in your employment agreement? If so you agreed by taking the offer.

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oNqW15 OP Feb 9, 2019

No they weren’t - only the %. been there 1.5 years and only now getting my option grant

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oNqW15 OP Feb 9, 2019

Is that weird? Our company is not huge

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DvVM00 Feb 9, 2019

yeah that was unfair. i deleted my comment. if you are c level just ask the board. they aren’t going to care what other companies do. with 1.5 years there as an inexperienced CxO i can tell you tho, they aren’t going to have much sympathy. just exercise what you can afford

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oNqW15 OP Feb 9, 2019

I know what our board thinks - I just don’t think it works. I know this is an ongoing discuss in SV. My company is based in Rome and I think they don’t know