[Aqua_Geek]

They’re options that are set to expire, not RSUs. Yes, the employees could exercise them to prevent them from expiring, but then Uncle Sam comes to collect his dues. And that’s where illiquidity burns you.

[kasey_junk]

Double trigger rsu’s in private companies also expire and holders of those have no option even to eat the taxes in that case. They just lose them.

[Aqua_Geek]

Good point. I forgot about that.

[chimeracoder]

> They’re options that are set to expire, not RSUs.

Both options and RSUs are required by law to have expiration dates. And it's plausible that either or both could have expiration dates within the next 12 months.

[alasdair_]

They are definitely RSUs.