Pins RSU vesting for new hires

Lyft
ksnv

Go to company page Lyft

ksnv
Apr 23 17 Comments

Hi folks, considering an offer from Pins.
I understand that there is no vesting cliff and stock will be vested quarterly. Is there a company wide vesting cycle? Aka, if I join right after the cycle begins, I will have to wait for almost 3 months to start vesting? Or is it more considerate, start date don’t really affect your vest date?

(I made this mistake when I joined current company and waited a whole quarter for the vest to kick off, would like to avoid it if possible)

I have seen a few companies that made the start date the end of month you join, or they protate things so you virtually start vest right away. But only a small number of companies do that. Majority still have a hidden cycle.

Also how is the price determined?

Thanks!

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  • Chat with your recruiter but these are valid questions. The recruiter actually told me which days to join that will allow me to qualify for the next quarter vest. But there is a cut off. This was last year, so days may change.

    Price is the avg of the last 60 trading days.
    Apr 23 8
  • The vest is on the first 20th after the join date. So if you had joined on Mar 21st, your first vest would be on Apr 20th and your stock price(of the entire initial grant at joining) is the average of last 2 months (May and June) in the quarter the vest date falls in.
    7d 7
    • Lyft
      blowj

      Go to company page Lyft

      blowj
      Oh so it’s always the last two months of the quarter the best start date fall on?
      7d
    • Yes. It is always the average of the last 2 months of the quarter the vest date falls under. The vest date is the first 20th after the join date. And joining dates are fixed and every 2 weeks.
      6d