[lasryaric]

Ex drive.ai employee here. I got $0 for my stocks.

[huac]

purchase price < funding amount, investors had liquidity preferences, probably only a couple employees (if any) got anything

[gesman]

Were you employee at a time of acquisition?

[lasryaric]

why would it matter? I had vested a good chunk of my stocks. And it’s hard to define since they did not buy my shares.

[gesman]

Did they pay out everything to "preferred" shareholders, leaving employees with common shares holding an empty bag?

[sdinsn]

So Apple did not actually buy all of drive.ai?

[lasryaric]

I honestly have no idea of what I can say and what I can't say.

I think it's reasonable to think that I can share that nobody bought my shares. I can't talk for any other employee or anybody else.

[tim333]

The crunchbase story title "Apple Said To Have Bought Assets Of Struggling Drive.ai" perhaps indicates what happened. https://news.crunchbase.com/news/drive-ai-reportedly-closing...

[dbancajas]

what was the grant value of your stocks?