Roblox equity: same as Stripe's new offer RSU policy?

New / Eng
amidayla

New Eng

amidayla
Dec 26, 2020 22 Comments

In July, for intern return offers, Roblox new grad equity was offered as 8000 RSUs, valued at $25 a share (200k RSUs).

Now, Roblox is offering a fixed dollar amount of $200k in stocks, where the number of stocks you get when the stock vests is a moving average of $200k, based on the public stock price when the stock vests.

This sounds extremely similar to Stripe's new policy: https://www.teamblind.com/post/Stripes-New-Offer-policy-on-RSU-FzTqrx4K

Is it a bad idea to join Roblox, given that there may not be much stock upside?
My recruiter has been unable to provide more detail or confirm what will happen if I accept an offer with Roblox after the IPO.

#engineering #software #swe #newgrad #newgradsalary #roblox #stripe #stripeipo #ipo #investing #stockmarket #stockoptions #stock #money #finance

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TOP 22 Comments
  • Roblox
    Xoll

    Go to company page Roblox

    Xoll
    We use the dollar amount as a target for your pending grant. We convert to units on grant so there’s plenty of room for upside as any increase after grant will increase your value. It just helps to smooth out offers in a time where the price may vary wildly (e.g. closer to IPO)
    Dec 26, 2020 8
  • Google / Eng
    gHan56

    Go to company page Google Eng

    gHan56
    What’s the point of joining private companies with this policy? You get arguably less equity upside joining stripe/roblox with this policy than joining FANG. Unless they can offer bigger dollar amount, which they don’t, how does this even make financial sense? Someone enlighten me, genuinely curious.
    Dec 26, 2020 1
    • New
      cmMN40

      New

      cmMN40
      Because it’s hard to just get another job
      Dec 27, 2020
  • Roblox
    abcabz

    Go to company page Roblox

    abcabz
    Op, the number of RSU isn’t set upon vest. It’s upon grant. So after you start you will be granted the RSU. At which time the number of RSU you will receive that will vest over 4 years is 200k/current stock price.
    Dec 27, 2020 1
  • Roblox
    containers

    Go to company page Roblox

    containers
    As some people in the comments said, u are probably mistaken. The number of units is determined at grant time (close to when u join). Double check with the recruiter though, they could have passed u incorrect info.
    Dec 28, 2020 2
    • 4iQ
      wudpecker

      4iQ

      wudpecker
      By any chance are you aware of any fixed grant dates per month ?? I assume it happens when the board meets.
      I'm in same boat worrying what happens if joined before IPO and board meets (grant) after IPO.
      Dec 28, 2020
    • Roblox
      containers

      Go to company page Roblox

      containers
      Im not sure, I think recruiters will now about next board meeting but not necessarily ipo details
      Dec 28, 2020
  • Roblox
    IceCreamRB

    Go to company page Roblox

    IceCreamRB
    So much wrong information in this post. This new policy is normal for companies that are about to ipo. It is not similar to stripes at all.

    Also where did you get the number of intern return offers as 8000 rsu that number also seems off. New grad non return offers were 8000 rsu if they got an offer before like November.
    Dec 30, 2020 0