options
just joined a “startup” (i put it in quotes because theyre worth billions and been around for 10+ years) they offered me a 6000 options vesting over 4 years, 25% each year - it says so on my offer letter. however, theyve provided no other info. QUESTION: what other info should they be giving me? is there some sort of detailed worksheet i should be recieving? ive just finished my 2nd day there. TC 185k+ options
Ask for strike price, current fair value and total number of outstanding shares.
Interesting that you decided to ask this question after you’ve accepted and started working...
They told me orally what the strike price is
10+ years and still a “startup”? 😂
I had the same situation, they tell you verbally what the strike price is, then it’ll come in writing later when you get the options contract. Took a couple of months, but strike price was consistent with verbal amount. They may be able to fuck you over, but probably not in their best interest to do so. Just write down what they told you the strike price is at offer time, so you know when you get the contract.
Strike price. Market price. Issue date. Vesting date. Exercise date. Expiration date.
All this is valid even if it’s private still?
Valuation / outstanding shares would give the book price per share for a privately held company