Wish to liquidate pre-IPO stock options
Does anyone know any companies that are willing to do a forward sales contract for pre-ipo stock options? I’m not allowed to sell my shares without board approval and that’s not going to happen.
I’m guessing if you technically still own the shares and only transfer ownership on a liquidation event, it would be okay.
You guessed wrong. I have sympathy for you. Magic Leap CEO is a nut. Should have sold to Apple when he had the chance
You are small fish bro. If you were HNI or institution you could have easily traded the options for a bond issued by your firm by exchanging at a discount with your firms debt holders. Companies give stocks because it costs them nothing to issue and options are the even worse for never going public firms. Next time ask your firm for a convertible, maybe you’ll have peace of mind. But startups never give you bonds and expense it as compensation because bonds are value preserving (depreciates less and can be easily sold to big institutions ) Fun fact: Stocks are issued at 0 par. Go figure:)
Er... You're high, aren't you?
Thanks for the info - what’s an HNI?
Forgeglobal.com is the best place to go for forward contracts. You'll generally have to exercise first before doing a forward.
Is that allowed by your employment contract? I'd be surprised if it were.