zlacker

>>fnbr+(OP)
What a lot of people seem to be missing here is that RSUs are usually double-trigger for private companies. Vested shares are not yours. They are just an entitlement for you to be distributed common stock by the company. You don't own any real stock until those RSUs are released (typically from a liquidity event like an IPO).

Companies can cancel your vested equity for any reason. Read your employment contract carefully. For example, most RSU grants have a 7 year expiration. Even for shares that are vested, regardless of whether you leave the company or not, if 7 years have elapsed since they were granted, they are now worthless.

>>lopken+DC
> if 7 years have elapsed since they were granted, they are now worthless

Once vested, RSUs are the same as regular stock purchased through the market. The company cannot claw them back, nor do they "expire".

>>darth_+MD
No, this is not true. That's the entire point I'm making. An RSU that is vested, for a private company, is not a share of stock, it's an entitlement to receive a share of stock tied to a liquidity event.

> same as regular stock purchased through the market

You cannot purchase stock of a private company on the open market.

> The company cannot claw them back

The company cannot "claw back" a vested RSU but they can cancel it.

> nor do they "expire".

Yes, they absolutely do expire. Read your employment contract and equity grant agreement carefully.

>>lopken+pE
It's just a semantic issue. Some folks will say aren't really fully vested when they are double trigger until the second trigger event. Some will say they are vested but not triggered, other people say similar things.