Re:Citing revenue declines, Airbnb cuts 25% of workforce
by sokoloff on Tuesday May 05, 2020 @06:15PM
(#23085742)
Not a dumb Q at all.
It's a call option, with no premium paid, a strike price specified [typically the last 409A valuation or other better proxy of current value], subject to vesting [cannot exercise before this date], but with an expiration some number of years into the future (typically 10 years from the date of the grant).
So you had it basically correct, except they don't expire at the vesting date.
It's a call option, with no premium paid, a strike price specified [typically the last 409A valuation or other better proxy of current value], subject to vesting [cannot exercise before this date], but with an expiration some number of years into the future (typically 10 years from the date of the grant).
So you had it basically correct, except they don't expire at the vesting date.