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by sumitgt 1307 days ago
> and all if his shares vest immediately

I don't think so. I believe they only get the November 15, 2022 vesting.

2 comments

I think you're right
which if there's a 1 year cliff, means he didn't have a vesting date then....
Meta does not do cliffs.
ok, didn't know that, though would he still have had a vest date then?

ex. lets say meta vests one per month on the 15th, and he starts on the 14th, would he normally have vested right away, or would he have had to wait to Dec 15th? (and can apply to whatever schedule you want, just picked a monthly one for example sake).

I don't know enough about Meta to answer that.
A (vesting) cliff doesn't mean you have to wait 1 year for the vesting, it means that your vesting significantly reduces after 1 year.
I don't know how you've seen it, but I've seen it mean exactly that. A one-year cliff means that your whole year (usually your first) vests at once, in one day.
No, that’s not what a cliff is. https://www.investopedia.com/terms/c/cliffvesting.asp

What you’re talking about is front-loading or ballooning vesting schedules.