Instacart Equity

Hi,

Received Instacart offer letter. On the letter under “how my hire date impacts vesting” it says there are four quarterly service-based vesting dates each calendar year. feb, May, aug, nov 15.

I’m wondering what this implies. I thought on blind some were saying that vesting is on a different schedule and that it’s on the 15th of the month AFTER you join.

From the offer letter it seems like even if I join Aug 14, I will get shares based on Aug 15.

Thanks