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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.

23mo ago
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ZippyPancake
ZippyPancake
Stealth23mo

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

JumpyWaffle
JumpyWaffle
Stealth23mo

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

When can this be exercised?

BubblyTaco
BubblyTaco
Stealth23mo

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

QuirkyNugget
QuirkyNugget
Stealth23mo

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
Stealth23mo

@TallTales69 👆

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