How startup stock options work, from the job offer to the day they pay
Exercising stock options: why leaving a startup starts a countdown
Leave a startup, and a clock starts on your stock options. Before it runs out, you must pay to turn them into shares. Miss it, and they are gone.
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Two years after you joined, 25,000 of your options are vested. Each one waits for a last step: you buy its share at the strike price, 20 cents. Buying it is called exercising the option.
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While you work at the company, nothing makes you hurry. Your vested options can wait, often until ten years after you got them.
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