What happens to them when their stock grants all expire in Sept of this year and the company hasn’t gone public yet? My understanding is that they basically lose the options they worked hard for.
Can’t Airbnb provide new grants to all the holders of expired grants?
Options that are exercised and vested do not expire
Not sure how many employees will exercise. It's dangerous. You not only pay to buy them, but if the valuation has gone up, you also pay taxes. With the crazy grants, employees earning low base will need lots of cash.
The company can find ways to provide liquidity for this group of employees (which is prob not that large). And I’d be surprised if that cohort of people haven’t exercised yet.
Are people concerned?
Yes tenured folks are
Very sad that the earliest employees who took on the most risk and put in the hard work to make something out of nothing are the ones who get fucked. Shame on the CEO.
Lol. Stop spreading lies
Didn't happen. Shame on YOU for spreading rumors and lies. As an early employee who is now happily retired early, I have nothing but enormous praise and thanks to Brian.
I thought the first issued RSUs were set to expire sometime in 2021?
The company has to do something about it right? Can't just let them expired....
How many employees will be effected by expired options/RSUs? Is it a small number of employees who joined prior to 2010?
No. The first batch RSUs holders are those who joined in 2014. My estimate is a few hundreds
Not from 2014. From the start of the company. If they were still in the company when RSUs appeared they are worried. It may be a few hundred but they still helped build the company.
I think employees who have options or excised options will be fine since these are real stock. Those who have RSU will be in trouble, but at least they don't lose money out of pocket. Employees who use their own money to excused options are good for now, but maybe end up losing their own money.
Ping me. I will buy 8c on the dollar!
Sadly, this might be the best possible deal for some folks
Sorry because market drops 900 pt, it’s 4c on the dollar now:-( Take it or leave it!
I guess if Airbnb’s going to raise another round from VC, the early employees will get a chance to sell their shares to the VC too.
Nope. They're RSUs not options. Can't sell those to VCs.
Is it possible that Airbnb offers a buy back option to these expiring RSUs?