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Owed a billion dollars in Nvidia stock

1091 points · 458 comments · Eric_Gullichsen

  1. lquist · · focus · HN ↗
    Why does a stockholder have to reassert their rights to hold the stock that they already own?
    1. binlog · · focus · HN ↗
      They do not own the stock, because the options never vested and thus were never exercised. The time to assert that claim was 30 years ago.
      1. acchow · · focus · HN ↗
        > NVIDIA’s CFO wrote me a letter stating that 15,625 shares of my stock options had vested, and that I was required to exercise them. I did, and then forgot all about it.
        1. jcheng · · focus · HN ↗
          Those shares were fine, it was the other 9,375 that were in question here.
        2. binlog · · focus · HN ↗
          Read the whole thing again. They aren’t complaining about the 15,625 shares (which they presumably sold a long time ago) but the remaining 25,000–15,625.
        3. Beijinger · · focus · HN ↗
          "NVIDIA’s CFO wrote me a letter stating that 15,625 shares of my stock options had vested, and that I was required to exercise them. I did, and then forgot all about it."

          Normally this is a right to buy at a given price. If he was billed for it, then there is very little chance NVIDIA can weasel they way out ot it. I suspect he never paid for the shares.

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