zlacker

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+(OP)
With private stocks, they can put further restrictions on what you can do with your stocks.

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

>>p1esk+gE
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.