My undisclosed employer had a meeting recently to announce our new 409A stock price which is now at $2 vs $10 a share. They are allowing RSU holders to convert to stock options at a 1:1 exchange at the new strike price. What would you do?
After punching the air, I would ask if you can get anything better than a 1:1. Anything lower than current strike price is welcomed
I feel like it’s non-negotiable considering it’s a company-wide offering, right? My options are keep my RSUs until the company has an equity event and I hit my time-based milestones, or switch to options.
I exercised options almost 10 years ago and the company still has not had an equity event.
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