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by ant6n 1427 days ago
If the strike price for the options is 5x the current stock price (due to 80% drop), I wonder how useful the no-cliff rule is for recent hires.
1 comments

Does Shopify give out options? I would have thought RSUs considering they've been public a while.
Even RSUs are converted from a dollar value to a number of shares in the month you join. If you’re getting them a year later with this level of stock decline a $220k/year salary and $220k/year of stock would be $264k of compensation when you were expecting somewhere near $440k. So even with RSUs the pain is real.