DoorDash offer RSU question

Indeed / Mgmt Ryry
Aug 22 19 Comments

I have a pending offer from DoorDash and need some help understanding the RSU portion.

Offer details:
Level 6
$250K base
$750K RSUs
No sign-on
30% yearly refreshers

For the RSU portion, how are the grants calculated? Is it a number of units at today's valuation? Is it a pro-rated number of units at the valuation at the time of vesting?

I'm trying to understand if I would benefit from significant upside if the company continues to grow. I know this is done differently at different companies so any input would be appreciated!

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TOP 19 Comments
  • MailChimp Mi4Dsj
    Do they include tip?
    Aug 22 1
    • Citibank helloluk
      Yes and after you get a Mailchimp survey
      Aug 22
  • Uber codesnot
    YoE?
    Aug 22 4
    • Indeed / Mgmt Ryry
      OP
      12
      Aug 22
    • Uber codesnot
      is 750k based off of $200 rsu price or does it have a number associated with it
      Aug 22
    • Indeed / Mgmt Ryry
      OP
      I don't know, that's what I'm trying to find out 🙂 I guess I'll ask the recruiter again, last time I asked they weren't being very transparent.
      Aug 22
    • Uber codesnot
      DMed you
      Aug 22
  • Amazon / Eng
    yoevstc

    Amazon Eng

    PRE
    Cisco
    yoevstcmore
    How was the interview process like? I have heard its very weird?
    Aug 22 0
  • This comment was deleted by original commenter.

    • Indeed / Mgmt Ryry
      OP
      Senior tech role. About a week for decision
      Aug 22
  • TripActions okago
    RSU value is calculated at grant time. So say you're given $10 in RSUs; after you sign the contract and join the company and you're given your RSUs, let's say the current value is $1/share, you'd be given ten shares.
    Aug 22 1
    • DoorDash / Eng SkJc33
      This is the answer. But grant time is not necessarily the day you join, it is the board meeting after you join. So if there is a funding round in between it will use your targeted $700k divide by the updated value to determine number of units.
      Aug 23
  • Facebook / Eng
    xDmU52

    Facebook Eng

    PRE
    Amazon
    xDmU52more
    Assume the companies stock becomes 10 times more valuable. Do you really expect them they would pay you say2 million dollar refreshers for as long as you stay there?
    Aug 22 1
    • Indeed / Mgmt Ryry
      OP
      Of course the refreshers would not follow that pattern, you're right. But what about the initial grant? Should I be expecting $750K total value only from the initial grant even if the company goes 10x?
      Aug 22
  • DoorDash M7sU5jQi
    The equity portion of your offer looks like dollar value based. The number of RSUs you will get is going to be calculated based on the price of the stock on grant date. So if it is $200/share, you will get 3,750 shares vesting according to your schedule over 4 years. It it becomes $250/share, you will get 3,000 shares, again vesting according to the same schedule
    Aug 22 0
  • DoorDash frosti
    I think that you’d get 750K in RSUs vesting over 4 years, and its up to you when to sell them, but if they company value doubles and you haven’t sold yet then the RSU value would also double.
    Aug 22 0
  • Uber codesnot
    how does Doordash E6 map to FB/G?
    Aug 26 1
  • Salesforce rcaP
    Yoe?
    Sep 3 0
  • Yelp bbtea
    Ask recruiter and actually put it on paper if it benefits you?
    Aug 22 0

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