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.
Think most startups follow 25% vesting each year with a one year cliff
Yes I get that. My Question is what happens after 25% is vested in year 1.
When can this be exercised?
i don’t think you can exercise it unless the stocks are open in the market or there’s a company buyback
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.
@TallTales69 👆
I left Swiggy a year ago and have some vested stocks. Since the company is going IPO, I still haven't received information of exercise my ESOPs. Anyone knows if exercising vested stocks for precious employers is before or after IPO
Hi, Say a Series B (US) funded startup gives me 3000 shares which are worth $5/share. It follows the usual vesting period of 4 years. Now assume 4 years have passed and all the 3000 shares are vested but the company hasn't gone IPO.
He...
Let's assume that my CTC is 60 LPA, out of which 25 lakhs are ESOPS grant.
This means I get 25 lakhs worth of the company shares, which I can purchase at a lower price set by the company which is called the exercise price.
Some compani...
