MCLE credits will be provided.
Equity compensation is fundamental to startups’ abilities to recruit and retain top talent in today’s market. As companies and valuations grow, out-of-reach option strike prices can impede employees’ abilities to exercise vested stock options, absent a liquidity event. Employee candidates may also not fully appreciate the differences in equity value between a late-stage private company and a public company.
In this program we will explore:
* How have Silicon Valley unicorns and other late-stage private companies addressed this problem in light of longer horizons to liquidity events?
* Are companies extending post-termination exercise periods of stock options or providing employees loans to exercise vested options?
* Are others using private company RSUs or implementing stock splits?
* How often are tender offers or secondary sales done in connection with financing rounds? And what are the tax, legal and other business consequences and considerations?
Hear from a panel of GCs, including Michael Wu of Carta and leading executive compensation and employee benefits expert, Shawn Lampron, on current issues and trends in employee equity compensation.
* Review trends in late-stage equity compensation with startups
* Encourage open dialogue between audience members and panelists (Q&A)