options

Gap
FEJi53

Go to company page Gap

FEJi53
Feb 22, 2020 9 Comments

just joined a “startup” (i put it in quotes because theyre worth billions and been around for 10+ years)

they offered me a 6000 options vesting over 4 years, 25% each year - it says so on my offer letter. however, theyve provided no other info.

QUESTION: what other info should they be giving me? is there some sort of detailed worksheet i should be recieving? ive just finished my 2nd day there.

TC 185k+ options

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TOP 9 Comments
  • Interesting that you decided to ask this question after you’ve accepted and started working...
    Feb 22, 2020 0
  • Elastic / Product
    ponycanyon

    Go to company page Elastic Product

    ponycanyon
    Strike price. Market price. Issue date. Vesting date. Exercise date. Expiration date.
    Feb 22, 2020 3
    • Elastic / Product
      ponycanyon

      Go to company page Elastic Product

      ponycanyon
      Valuation / outstanding shares would give the book price per share for a privately held company
      Feb 22, 2020
    • Elastic / Product
      ponycanyon

      Go to company page Elastic Product

      ponycanyon
      If it's private it would make sense that these are not on your offer as you still needed to accept it. There will most likely be documents / info sessions with details to follows.
      Feb 22, 2020
  • Better Mortgage / Eng
    Black Bean

    Go to company page Better Mortgage Eng

    Black Bean
    I had the same situation, they tell you verbally what the strike price is, then it’ll come in writing later when you get the options contract. Took a couple of months, but strike price was consistent with verbal amount. They may be able to fuck you over, but probably not in their best interest to do so. Just write down what they told you the strike price is at offer time, so you know when you get the contract.
    Feb 22, 2020 0
  • Amazon
    blinded007

    Go to company page Amazon

    blinded007
    10+ years and still a “startup”? 😂
    Feb 22, 2020 0
  • Gap
    FEJi53

    Go to company page Gap

    FEJi53
    OP
    They told me orally what the strike price is
    Feb 22, 2020 0