#tech Hi all, Any idea how Sofi calculates its RSUs allocation. They said 30 day trailing average. Is it 30 days trailing avg from date of joining OR Is it 30 days trailing avg from date of offer acceptance. The stock has gone down from date of acceptance and date of joining is in Dec. Thanks for your comments
Based on my current understanding: 30 days trailing window from 3rd Monday of the next Month of your joining date. It's weird! So.. if you join on any date in December, your trailing window will be 12/18-1/17
Thanks for that, gives me a clear picture
Trailing is prior 30 days folks. So it’s November to December, not December to January.
Was it for SWE? How hard were the interviews?
What is offer?
What if you joined on 3rd Monday of any month? When will you get allocation, after 4 weeks?
Thus is the exact language Subject to the approval of the Company’s Board of Directors, you will receive an equity award of $100,000.00 in the form of Restricted Stock Units (“RSUs”). This value is determined based on our standard equity granting policies. Your award value will be converted into shares based on the value assigned to our stock at the time of grant, using a trailing 30-day average from the date of approval
It is from the date of approval, not from offer acceptance or joining. Approval is usually the first board meeting after your joining.
How often do they have board meeting? Assuming it's every month?