How would I exercise my vested pre-ipo stock options?

WeWork yYby78_l
Sep 18 10 Comments

Is it possible to sell those stocks on some type of marketplace?

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TOP 10 Comments
  • Facebook / Eng mturtle
    No one wants to buy your WeWork stock. Just except its worthless.
    Sep 18 0
  • WeWork yYby78_l
    OP
    I think the IPO is a matter of when. But question is if I switch companies - would I still keep those options to be exercised after I leave or before I leave? If the company goes IPO, the question is moot
    Sep 18 3
    • Airbnb wise taco
      That depends on what your stock agreement says. Each company has its own rules. Look for it in your offer package.
      Sep 18
    • Aetna / Data
      Patdog2K1

      Aetna Data

      PRE
      Oscar, C3 IoT, Quartet, The Madison Square Garden Company
      Patdog2K1more
      Don't know your specific contract but most companies give 90 days after leaving to exercise options. Whether the company has IPO'd in the interim is irrelevant to your ability to buy them.
      Sep 18
    • eBay / Eng
      ANdONward

      eBay Eng

      PRE
      eBay
      ANdONwardmore
      👆 correct. mine is even shorter, for instance, at 30days.
      Sep 18
  • Samsung
    chajimogo

    Samsung

    BIO
    Stressed out but surviving
    chajimogomore
    I think the problem is you are likely not going to get much from a private marketplace since the IPO devaluation is well documented. In other words wework had a hard time finding buyers in the first place so that will only be worse for you as an employee. That is a big risk IMHO.
    Sep 18 0
  • eBay / Eng
    ANdONward

    eBay Eng

    PRE
    eBay
    ANdONwardmore
    Are you afraid the company won't make it to IPO?

    Anyway, from a quick search you can either get your company to buy them back from you, or you have to find someone to buy them. It looks like there a few marketplaces for this type of thing, just gotta search for it.
    Sep 18 0
  • Microsoft SQL null
    Search for secondary markets.
    Also check your agreement
    Sep 19 0
  • WeWork yYby78_l
    OP
    I may not want to sell the exercised options till I see how IPO performs. But I'm wondering I can still have the option to purchase the stocks at the strike price. Hopefully all of this verbiage is in bold letters in my Grant docs. Tx for the feedback!
    Sep 18 0
  • Aetna / Data
    Patdog2K1

    Aetna Data

    PRE
    Oscar, C3 IoT, Quartet, The Madison Square Garden Company
    Patdog2K1more
    Do you have the cash and definitely want to take all the risk of an exercise? I used ESO Fund in the past to buy shares that were too expensive in exchange for a chunk of the upside.
    Sep 18 0

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