zlacker

If say that you were working at Reddit for quite a number of years and all your original options had vested and you had exercised them, then since Reddit went public you would now easily be able to sell your stocks, or keep them if you want. So then you wouldn’t need to sign the second contract. Unless of course you had gotten new options that hadn’t vested yet.

>>hmotte+(OP)
My understanding is as soon as you exercise your options you own them, and the company can’t take them from you.

Can anyone confirm this?

>>p1esk+8Z
With private stocks, they can put further restrictions on what you can do with your stocks.

>>eru+NB1
Sure, but in the event of liquidity, can they refuse to pay me the value of my shares? For any reason?

>>p1esk+oD1
If they have even moderately clever lawyers and accountants, yes.

See eg https://en.wikipedia.org/wiki/Shareholder_rights_plan also known as a 'Poison Pill' to give you inspiration for one example.