Ask HN: Company quietly did stock split, implications for options?
Hey HN,
I was a software engineer at a US startup now considered a unicorn and recently in the news. It's got the right market, revenue and profit to have a liquidation event soon. I'm very concerned about a situation regarding my employee options and need advice on how to proceed.
I found out from friends higher up in the company that the company did something very quietly and I'm not sure exactly how to proceed. While still working there, between the time I started vesting options and the time I left the company they performed a stock split. I didn't notice this at the time but the options listed in the initial offer letter are the same as the number executed when I executed my options. It seems like they didn't follow through the stock split.
1. What do I do?
2. If the situation is as it seems, is there any legal recourse?
I was a software engineer at a US startup now considered a unicorn and recently in the news. It's got the right market, revenue and profit to have a liquidation event soon. I'm very concerned about a situation regarding my employee options and need advice on how to proceed.
I found out from friends higher up in the company that the company did something very quietly and I'm not sure exactly how to proceed. While still working there, between the time I started vesting options and the time I left the company they performed a stock split. I didn't notice this at the time but the options listed in the initial offer letter are the same as the number executed when I executed my options. It seems like they didn't follow through the stock split.
1. What do I do? 2. If the situation is as it seems, is there any legal recourse?
Thanks