I was assigned some startup options when I started at my current job. I am planning to move to another org soon. I have an upcoming vesting of 1/4 of whole options. What would happen if I exercise 1/4 options and leave afterwards ? Will my company take those back ? And if they can, would they pay me back the money I pay to exercise these stocks ?
It is normal for an employee to not exercise their options until they quit (assuming company is still private). Don't expect them to take back... but do read the fine print.
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Let’s settle it here and now!
All depends on your contract. Many have right of first refusal and buyback options. Your vesting schedule is probably 25% a year. Anything you’ve vested you can exercise (purchase if given stock options and not RSUs). Anything not vested just means the company doesn’t dilute their total shares. Given Shape Security is a leader in ATO, Fraud and Bot Prevention I would personally exercise the options and wait for an acquisition or IPO. Shapes in good shape. No pun intended.
What exactly does it mean 'first refusal and buyback options' ?
Google it dude.