I worked for a startup and as an employee, was “granted” 34,000 “Options” and “vested” in 8,000 “Options (ISO)”. The company has not gone public yet but likely will in the next 3-5 years. I just left the company and the exit paperwork says “Upon termination, you have three months to exercise your Options before they expire.” I have no idea what this means. What happens if I exercise them? What happens if I don’t? What does it even mean to exercise them? Please help.
In: 72
An option is a contract that gives you the OPTION to buy or sell stock at a future date at a pre-agreed upon price. Exercising an option means you are exercising (using, applying) your right to buy or sell that stock.
Latest Answers