You are ultimately responsible for asserting your contractual rights. Your stock options had an expiry and you did not exercise them in time. The letter you received notifying that you had 15,625 vested options was not an award in of itself, it was only a courtesy notifying you that you had vested options to exercise before they expired. Even if due to ambiguous wording it could be argued that 25,000 options had vested at the time instead of 15,625, that was only relevant until the options expired. You needed to assert your rights to the [additional 9,375] vested options before they expired. So, this issue died in 1996.
I had a similar experience although over a shorter time horizon. I was in a dispute with a corporation which prompted me to pore over every word in every previously signed agreement. I discovered, due to an obvious typo in a stock option agreement, more options had vested than had been intended. After some pushback, they eventually relented and awarded me the options.
Given the amount of money involved, it was worth engaging lawyers to see if NVIDIA would pay you some money to save the hassle of dealing with it, but there is and was zero prospect of this ever being awarded in your favor by a court since the options expired.
I've never been on either side of one of situations, but if the company is doing well, why doesn't the company just take care of the human? These don't really seem like opening-the-flood-gates types of decisions and companies could just choose to do if they wanted to, right?
You don't see the risk that is created when you allow unexercised options get called at a later date, when they're in the money, because the company is 'doing well'?
No, I guess I don't. The companies can choose to do what they want and I think they can make a different decision based on how well they are doing. I don't know. They don't have to, but I don't see why they couldn't.
Could you please stop posting unsubstantive comments and flamebait? You've unfortunately been doing it repeatedly. It's not what this site is for, and destroys what it is for.
If you wouldn't mind reviewing <a href="https://news.ycombinator.com/newsguidelines.html">https://news.ycombinator.com/newsguidelines.html and taking the intended spirit of the site more to heart, we'd be grateful.
We don't need you to love capitalism (or billionaires), we just need you to stop posting low-effort flamebait comments like this one (or <a href="https://news.ycombinator.com/item?id=49840585">https://news.ycombinator.com/item?id=49840585). You may not owe capitalism or billionaires better, but you owe this community better if you're participating in it.
The shares are worth what their worth. People would have lost their minds and then everyone would have moved on. Is NVIDIA filled with more billion dollar typos? I don't think so, but I wouldn't care if it was.
A few do, I’ve been really lucky to work with a startup that got acquired earlier this year and took really great care of the whole team, even people whose options didn’t vest yet. After reading so many horror stories of acquisitions that was a relief to see the whole leadership and team work together to ensure people are taken care of.
reticulates · · focus · HN ↗
I had a similar experience although over a shorter time horizon. I was in a dispute with a corporation which prompted me to pore over every word in every previously signed agreement. I discovered, due to an obvious typo in a stock option agreement, more options had vested than had been intended. After some pushback, they eventually relented and awarded me the options.
Given the amount of money involved, it was worth engaging lawyers to see if NVIDIA would pay you some money to save the hassle of dealing with it, but there is and was zero prospect of this ever being awarded in your favor by a court since the options expired.
bradly · · focus · HN ↗
crossroadsguy · · focus · HN ↗
brettgriffin · · focus · HN ↗
bradly · · focus · HN ↗
seryoiupfurds · · focus · HN ↗
imtringued · · focus · HN ↗
The last time someone decided that an option shouldn't expire got us inflation, unemployment, inequality and a debt crisis.
Good thing that we stopped right???
Looks at the funding rate of his options in his wallet that he uses to buy things at the supermarket. Still no funding rate in sight.
bradly · · focus · HN ↗
literalAardvark · · focus · HN ↗
xyst · · focus · HN ↗
dang · · focus · HN ↗
If you wouldn't mind reviewing <a href="https://news.ycombinator.com/newsguidelines.html">https://news.ycombinator.com/newsguidelines.html and taking the intended spirit of the site more to heart, we'd be grateful.
We don't need you to love capitalism (or billionaires), we just need you to stop posting low-effort flamebait comments like this one (or <a href="https://news.ycombinator.com/item?id=49840585">https://news.ycombinator.com/item?id=49840585). You may not owe capitalism or billionaires better, but you owe this community better if you're participating in it.
hdgvhicv · · focus · HN ↗
bradly · · focus · HN ↗
hdgvhicv · · focus · HN ↗
Unless of course the op sold the 15k shares he did get years ago.
dgellow · · focus · HN ↗
I wish that was the usual situation
bradly · · focus · HN ↗