Ask HN: My last company is stonewalling on how to exercise shares

Re:Ask HN: My last company is stonewalling on how to exercis... by smoyer on Tuesday February 22, 2022 @09:40AM (#30428446)

If you've got shares, you can either hold them or find a private buyer. Often a private company will have first-right-of-refusal but would have to match a private buyer's price.

Since you're using the words exercise and vested, maybe you have vested options in which case the policy (by law depending on jurisdiction) should tell you how long you have to buy your shares, how the price is determined and when the company has to respond with the strike price. IANAL but giving you 90 days to exercise your options and waiting 91 days to tell you how seems illegal in several ways.

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Re:Ask HN: My last company is stonewalling on how to exercis... by petechapman on Tuesday February 22, 2022 @11:37AM (#30429972)

This is my primary concern. Less of looking to sell, but just exercise. Although they are not telling me how to exercise. I have a feeling they are going to try and just see if I forget about it and if not tell me a few days before the 90 days are up.

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Re:Ask HN: My last company is stonewalling on how to exercis... by s1artibartfast on Tuesday February 22, 2022 @12:00PM (#30430358)

I would email them and be very clear about your concerns and expiration. Could be helpful evidence down the road.

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