Re:1 Year of Coinbase as a mission focused company
by yunohn on Saturday October 09, 2021 @05:27AM
(#28808286)
They are expressed in dollars, but converted to stocks at the grant-time value, and vested in number of stocks.
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Re:1 Year of Coinbase as a mission focused company
by what_ever on Saturday October 09, 2021 @06:11AM
(#28808465)
Coinbase is different. The conversion to stocks doesn't happen at grant-time value for all of the grant. The conversion happens at the start of every year of the grant life. So if the stock goes up in the first year, you get fewer stocks for the second year (equaling to grant/4 in value). See my other sibling comment in this thread.