Recently received an offer from Instacart, and decided to join. I am thinking to join in late Oct. or early Nov (Preferably Nov because I have some pending RSU from my current company that will be released in the 1st day of each month). In the offer letter, it says the RSU price is determined by next board meeting, and a board meeting will be conducted in monthly basis and they will approve your grant in the following month after you join. So how exactly the stock RSU price is determined and how is granted? Thank you so much! TC: 400k YOE: 7 #instacart #stock #vest
As of right now it would be at the value of the last round at 39b. So, take the amount/125 is the amount of shares you get for the next four years. Also, start asap or you'll miss the ipo🐶
Thanks! But does it make a difference if i join just 1-2 weeks before my previous expected date?
Tbh I don't think it makes a difference right now what you do. Contrary to the opinion below, because the company won't ipo in the near term and currently still has clawback. It's in my opinion that joining a month or two later may derisk you a lot more.
Join before Nov 15, that way you will save on tax if they IPO by nov 2022. If you join before Nov 15 your will get one year worth of stocks in 2022 and one year worth of stocks in 2023. If you join after Nov 15 you will get 0 stocks in 2022 and two year worth of stocks in 2023. You’ll end up paying a lot of tax over two years if you get all two years of stock in 2023. You are welcome!
how is new offer, similar as uner or better
It is better, not a lot though. The key reason I am thinking to move is that so many old employees (more than 2 years) from my team left, and I heard a lot stories from them regarding how Uber does not care for old employees, and I feel the same.