Donβt go about bidding up all the available real estate in the market with your astronomical RSUs and driving up prices. Congrats on the solid quarter if you survived the layoff TC 300k π₯
My friend who is M2 has TC of 2.6 million till few days back. Today probably he touched 3 million.
For the folks got the axe at meta, you deserve some credit about the 15% stock jump.
There will be stiff competition with the NVDAmates too
Bwahahahahahaah
Meta employees still need a few days to sell their stock and then bid on the home. You still have a few weeks before they enter the market and can get in before the meta employees start bidding it up
Can someone estimate or give a breakdown how the RSU works with stock going up? Won't meta folks need to sell their stock to cash on it?
Yes. Your initial or refresher grant was calculated at a specific share price to determine number of shares. You need to collect at each quarterly vest event, some get sold to get taxes withheld, then you keep the rest until when you want to sell. Anything you are holding that is still unvested is going up in value.
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