this post was submitted on 21 Mar 2024
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Antiwork

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Redditor explains that reddit's moderators can't understand how rich people's wealth operates because it is too complicated for poor people (old.reddit.com)
submitted 7 months ago* (last edited 7 months ago) by MonsiuerPatEBrown@reddthat.com to c/antiwork@lemmy.ml
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[–] Nougat@fedia.io 3 points 7 months ago

... almost 100mil when they go public and pump the stock up to 25 bucks.

That's not accurate. If the stock price reaches $25.90, half of the options vest at some price. If they vest at an option price of $25.90, then Huffman has the option to purchase those shares at $25.90. If the price he's able to sell those is also $25.90, there's zero profit. Maybe they would vest at some lower price? I'm not sure.

The bulk of the money is on the far end. I'm sure the option price for all of them is set right now, and I suspect it's likely at that $25.90 price. When (if) those later chunks vest at those higher stock prices, there's a whole lot more differential between the stock price and the option price.