Download
Indian Startups
Indian Startups
on
JumpyWaffle
JumpyWaffle
Stealth

ESOP Exercise Query

Hi Guys, what is the “Exercise event” for the ESOPs allotted by Indian startup’s?

Note: Exercise event means when the vested ESOPs can be allotted.

I have come across a couple startup’s which have a very sketchy Exercise event I.e 4 years after vesting of “all the allotted ESOPs”

So I’m trying to figure out how other startup’s are doing it in BLR/Metro cities in India.

13mo ago
Find out if you are being paid fairly.Download Grapevine
ZippyPancake
ZippyPancake
Stealth13mo

Think most startups follow 25% vesting each year with a one year cliff

JumpyWaffle
JumpyWaffle
Stealth13mo

Yes I get that. My Question is what happens after 25% is vested in year 1.

When can this be exercised?

BubblyTaco
BubblyTaco
Zomato13mo

i don’t think you can exercise it unless the stocks are open in the market or there’s a company buyback

QuirkyNugget
QuirkyNugget
Stealth13mo

Employees need to send a notice to company stating they wish to exercise. This needs to be formally sent by employee and company is not obligated to inform.

JumpyWaffle
JumpyWaffle
Stealth13mo

@TallTales69 👆

Discover more
Curated from across