Hi I got offer from Shopify and would like to know what stock price they use to allot shares? Is this computed during offer stage or later after joining.
Got it thanks. Could I ask for computing units during offer stage so as to capture low price?
Your shares would be granted based on the price in some week of May.
You’ll likely get a price higher than market as it’s in free fall land. Standard is to do a 90 day vwap or they pick an end of month
5 day VWAP before the board meeting. It should be in your offer somewhere IIRC. If not the recruiter can confirm the details.
What’s vwap?
Volume weighted average price
Why join a company that's stock price has dropped over 70% in recent months?
Most growth company stocks have dropped similarly. A reshuffle of jobs allows to reset the cost basis of the RSUs
Join with stock low = fastest way to double your TC
They have certain dates when the board meets and determines the calculated amount. could be a day after your start date or several months after your start date
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