As per The Wall Street Journal, Stripe is allowing its current and former employees to cash out more than $1 billion worth of stock as the company postpones its initial public offering. This move, outlined by the Journal, reflects the founders' commitment to providing annual liquidity opportunities for long-serving and former staff members.
Employees in startups often receive significant compensation in the form of equity, which can be challenging to convert into cash without a change in ownership. Factors such as the treatment of equity upon termination of employment also come into play.
At Outside Legal Counsel LLP, our attorneys specialize in advising on equity awards and compensation matters. Feel free to contact us for a consultation to discuss your specific needs.
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