TLDR Web Dev · OPINIONS & ADVICE

ASK HN: FORMER EMPLOYEES' RSUS AT RISK AFTER STARTUP'S IPO (HACKER NEWS THREAD)

news.ycombinator.com

Summary from the TLDR Web Dev newsletter

Former employees of a recently IPO'd startup are seeking advice on their RSU settlement process, which is different from typical practices. The company requires them to prepay taxes in cash before receiving shares, which means they might lose their shares if the payment isn't made by a strict deadline. This is different from the sell-to-cover option offered to current employees, which is unfair.