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Three things must happen for your stock options to be meaningful:
You must vest the stock (we have a 1 year cliff and 3 years of vesting after that).
You must stay until we have a liquidation event (or the lock-up period passes in the event we go public), or you have the cash to exercise your stock after termination.
We must make the company worth more than the liquidation preference.
Quick refresher: What are stock options?
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When you join a startup, thereβs a big risk difference between starting as the 5th person versus starting as the 50th. The risk score is a measure of the risk an individual took joining Ultimate when they did.Β
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Company Size | Risk Score |
0 - 20 employees | 1 |
20 - 50 employees | 2 |
50 - 100 employees | 3 |
100 - 150 employees | 4 |
150 - 200 employees | 5 |
Values: Trust, Impact
Seniority
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This also means that as individuals are promoted through Ultimate, their stake-holding in the company grows with them.Β
Seniority | Stock Options |
Senior | 20% |
Lead (+ |
Staff in ENG) | 25% |
Director / Head of | 35% |
VP+ | 50% |
Values: Impact
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ESOP FAQ
What is the total number of shares outstanding?
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