Leaving a startup after six years that hasn’t made it yet and I’m not entirely sure will have an exit, but I have a pretty decent amount of options that I’d rather not lose. I don’t want to pay the $50k + to exercise the options. In return for helping the startup via consulting afterwards (in the only engineer atm) and getting whoever comes after me up to speed, they are extending the timeframe through the end of 2021. Everyone knows there won’t be an exit in 2021, so it seems like a nice gesture that won’t ultimately accomplish anything other than be a carrot dangling in front of me aside from the consulting fee. I’ve asked for the company to convert my options to actual stock without any money being exchanged. Is this a reasonable ask on my part? I spoke to the CEO about this over the phone but he wants it in writing after consulting with the board. Anything I should look out for?
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