My friend had NVDA stocks which got transferred to California state unclaimed properties. He has been out of NVDA for 6 years now. His broker account is in Charles swabe. We can see the property listed in the official website of state government but the amount is shown in dollars and not in terms of RSUs. Have they sold it and converted it into money? Also the status is i which means interim, does he need to wait for the status to change? 1. How can he get it back? 2. My broker account is Morgan Stanley, can it happen to me? Do we have to sell RSU after a limited number of years? Can't really understand why this happened. I have both Intuit and MS RSUs. Please reply if you know anything about it P. S: We are not US citizens. We are Indians, RSUs were granted in India.
This happened to me in CA with a security deposit — I did not provide my summer housing for an internship with a forwarding address and it was turned over to the CA controller’s office. You can google sco.ca.gov unclaimed property and file there. Apologies if you already knew this, but it’s not the end of the world and there is no time limit — just a pain in the ass. You don’t need to sell your RSUs ever. Perhaps what happened to your friend was that more RSUs were withheld than intended for tax purposes and when they left nvidia something got lost in translation and those wound up unclaimed. he/she should try to track them down by name as it’s probably associated with the property/stock.
You guys seems to be a bit ignorant, sorry. Yes the rsu grant will be sold when transferring to unclaimed. How to avoid it is a bit of a mystery https://www.npr.org/transcripts/799345159
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You have to accept every stock grant! I’d imagine if you don’t do that, eventually it will go unclaimed. Did he ever login to Schwabb and accept?
I am talking about already vested stocks
Omg! You don't get it. You must accept the grant, which will continue to vest even if you don't accept it.