undefined | Better HN

0 pointsalexandernst6y ago0 comments

How so? They don't have any actual stock. They have options to stock.

0 comments

Usually depends on the type of option. If they are 'double cliff' then the employee stock option will vest automatically, if they aren't then the emplyee will lose them.

Kudos6y ago

I've never heard the term 'double cliff' before, can you explain?

samscully6y ago

I think they might mean "double trigger" acceleration, where the options vest automatically on change of control.

mattmireles6y ago

exercise the option = buy the stock

j / k navigate · click thread line to collapse