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by sulam 3142 days ago
I misspoke in using the term exercise value. However (and you’re a lawyer so I’m going to believe you here) everything I’ve read or can make sense of says it is the value at time of grant that the cap applies to, not some fluctuating fair market value at time of vest. Is that correct?
1 comments

Oops we are agreeing. Threading on the phone is rough. Anyway I updated the post to clarify cap calculations.