my start date at uber is tentatively scheduled for Aug 26. how is RSU units calculated? is it based on stock price on Aug 1? given recent drop in price, i am thinking of pushing start date by a week hoping to get more units.
They’ll use the price when it’s board approved which is a month out so you can’t really time it
They do a monthly moving average so you don’t screwed by a bad trading day.
Please let me know if you find out, I’m joining in Sep
I am in same situation. It seems like even recruiter doesn’t know. They are claiming it’s based on stock price on joining date. But they didn’t seem confident and others gave conflicting information. I moved my start date to October for things to settle down. You may want to do same
I’ve been told 30 days average of the previous month. Still waiting on that board meeting, been two months and I still don’t know how much stock I’m getting, fortunately the stock is down to $30 currently so I’m hoping I earned a couple extra thousand units for good timing
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Aren’t the number of RSU’s set in your offer letter?
No. Offer letter has total value. This is post IPO. The letter states number of units will be decided according to “standard company operating procedures” after joining date. I can’t tell what that means
If total value, join low homie. All news to me though