[slap_shot]

You should be asking a lawyer, not HN.

If you haven't had a priced equity round, you should be able to sell restricted stock at par value (usually a fraction of a penny). Especially if your _upcoming_ round is a mere 5 million, the business today is probably basically worthless.

[throwaw87]

Thanks, good advice! Wanted to see if there were any options in advance, since it's hard to research online.