On my offer letter it says 10 years from date of grant. But on my actual grant letter after starting, it says 5 years from date of grant. I replied to the email which sent me the grant letter to clarify if my RSUs will just disappear if no IPO after 5 years, and they said yes. I sent another email to ask why it's different from my offer letter which said 10 years, and got ignored. It's already several weeks, even after follow up email. 1. What did everybody else get on their grant letter? 2. For this and other comp questions, is there someone I can talk to internally?
I looked into this recently and believe it is 5 years. However, given Uber is publicly announcing a 2019 IPO, I am not too worried I'll be able to sell them.
What about people joined before 2013? Expired?
Maybe back then the expiry was 10 years, and the change happened between the time I got my offer and the time they grant me my RSUs
But yes hypothetically if they had 5 year expiry on their RSU, it's gone now.
In my offer letter expiry is 5 years.
When was your letter from? And you signed it?
Last week, signed it. I asked recruiter about the expiry. They said they are very sure about liquidity event in that time. I read some other threads on blind where ppl said private companies renew the expiry date if liquidity doesn't happen. I figured there is nothing much I can do about it. You can try to get them to add a clause on renewing
It's just for accounting purposes. If 5 years pass, they'll just issue you new RSUs
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What? You’re saying stocks that you own will expire? Never heard of such a thing.
Uber is still private. We don't get the stock immediately upon time-vesting, we also need an IPO or acquisition by another company before we actually get the stock that has time-vested.
It's options not stocks.