RE:RE:7.74 million options @ 6.5 cents to be vested in June 2024 If you have ever had the ability to buy stock options, they can be very lucrative, but they also can be underwater. I had to wait two years for them to vest, then has two years to exercise (Vest). If the price isn't above the stock option price, you make no money (Under water).. so if the stock price doesn't go above the trigger they would just die. The shares dissapear... The good thing is, the employee is financially tied to the stock price and makes them try harder. (Accountability, and we want you to buy more of our product, because if the stock price goes up, I make more).
we also had the option for RSU's but we got far less shares. RSU's are also taxed at your nominal rate where Stock Options are capital Gains.
I can show the math on how it all works but not tonight lol.