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check out this leaked email: wikileaks-DOT-org/sony/emails/emailid/139607 Looks like engineers were offered 10k-35k shares at a $9.90 strike price in Jan of 20
by snapemployee 10y ago
check out this leaked email: wikileaks-DOT-org/sony/emails/emailid/139607
Looks like engineers were offered 10k-35k shares at a $9.90 strike price in Jan of 2014.
So $250k - $875k. Not bad, but also not millionaire status. Also ISO's will be taxed heavily.
- econner 10y agoSnap did a 1 to 10 stock split in July 2014 (https://www.forbes.com/sites/parmyolson/2014/08/08/snapchat-authorizes-mystery-share-sale/#11c42d887261 https://www.forbes.com/sites/parmyolson/2014/08/08/snapchat-...). That means, today, those grants are at least 100k - 350k shares at a $0.99 strike price (assuming no other splits). Or $2,300,000 to $8,050,000. Unless I'm missing something? Edit: Ah the numbers above are actually too low. If you look that email also lists the percentages. 10,000 shares at that time was 0.022% which at the current valuation is actually $5,280,000 less some likely dilution.
- snapemployee 10y agoI believe that's on preferred shares, not the common stock issued to the employees.