Hi all, I'm aware that most RSUs have lockout agreements (uber certainly does), which restrict sales for 180 days. That said, I've noticed in solium that I have two types of shares. 1- RSUs: from refresher grants after the company converted equity grants from options to RSUs 2- common shares: from options I exercised while leaving uber. I'm confused as to whether the common shares are restricted the way RSUs with the lockout period. If so, why are they called "common shares" in the portal? What's the best way to confirm the restrictions from these shares? Any help / guidance is appreciated.
Yes, they are both restricted.
But there won't be lockout period for you. Your rsus will "actually" vest on day of Uber stock listing. You can also sell it the same day. Lockout period is only for current employees.
Ah didn’t know about this. I thought everyone with rsu prior to ipo have the lockout.
KoX is not correct. Read your signed shareholder agreements. Nearly all SV agreements lock up all early investors, regardless of current employment status. You will be waiting the 180 days.
Can you buy put options?
I hear no, also, no hedging
Even for ex employees?
This guide may be useful! https://withcompound.com/equity
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Both are normally restricted. Your RSUs just haven’t converted to common shares yet.