Very dissapointing seeing these massive RSU packages for new offers over the last month on here. If these offers are true, it just confirms that Rivian is not sticking to a solid plan for who gets what amount of equity. I joined the company before any major investment and was given 100 options. I am seeing some of you say they received offers with RSUs between $85k-$700k today. Rivian needs to figure out this because employees have know this is happening for a long time now and they just say “we are working on it”. Extremely dissapointing that we have no idea how to properly dish out equity. Don’t get me wrong, I am happy you are all getting great offers but it doesn’t give the rest of us any warm feeling knowing that we are getting screwed on this.
Negotiate better? Get external offer? Start internal equity sharing sheet?
Rivian, as a company policy, did not negotiate until like a month ago.
Correct. We were told that they do not negotiate equity when we joined so don’t try.
100% agree
What's the strike price on those options? Did you receive any stock Splits?
I did get a stock split and strike is 4.27
Was it 1:50?
I got an offer from them but there RSU's are with 3 conditions
What are the conditions ? Isn’t RSU allocated at the time of joining for a period of 4 years .. what else need to fulfill?
You need to be working in the Company when it goes to Public
Yes I got options too - $7 strike price. Ridiculous.
If we have a offer from Rivian, would you recommend negotiating on equity or No?
How many options you had got for $7 strike?
Does anyone here definitively know what the Fair Market Value of a stock is?
About $45 officially today
If my math is correct doesn’t that mean your options are currently worth about $65k? That’s not bad that’s more than my RSU’s are worth.
To be fair, you work at GM and joined with zero risk of the company going under. They have no standard of how equity is provided to employees.
OP and others at Rivian that responded, Did you get any refreshers ? Can you exercise your options if you found something better and left ? I'm really trying to understand why people stay unhappy.
No refreshers and can’t exercise until vested. They keep saying they are building this equity revamp program but I’ve been hearing that for a year so not holding my breath.
@Rivian - When are your options considered "vested"? Do you need to wait for the IPO?
For those of us who have been around for a while - Our options can be executed at any time after vest. Standard 90 days after leaving. No refreshers.
Ok then it's not the same as what I saw in some recent offers related posts here . The RSUs won't vest until the vesting period and a liquidation event happens. So if what you're saying is right then you're better off than new hires. Right?
From the perspective of flexibility prior to liquidity, for sure. From a dollar value standpoint, no way. Most of us plan to see this through and be around long term so the second trigger of “at Rivian during a liquidity event” is moot.
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I’ve also noticed this. It’s disheartening.