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by sjg007
3063 days ago
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I would ask a lawyer versed in Delaware case law. I am sure they could give you some reasons. I'd imagine you could make a request for inspection on the grounds of independently (and confidentially) assessing the fair market value of your remaining options to determine if you want to purchase them. I mean that's really why you want to documents right? You want to see actual revenues, contracts etc... If the company balks then you might want to engage a law firm to handle your request (or get a group of shareholders together to do so). Also if the company is not forth coming then that's probably a red flag. |
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I think you need to be careful to make the purpose to assess the fair value of your current holdings, as the purpose has to be "a purpose reasonably related to such person’s interest as a stockholder". Assessing the value of your unexercised options isn't in the interest of your current holdings. If they push back on this, "why do you want to know the value, you're not planning to sell are you?, etc", then say you need it for estate planning, which is reasonable enough.