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Teresa-Judith Chartrand

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RE: Expiring Options

Posted By Teresa-Judith Chartrand 03-15-2024 11:59
Found In Egroup: Carta Collective \ view thread
@Chaim Cohen is spot on here re: "A lot of this will depend on the interplay between the options current strike price, current FMV and the realistic schedule towards a liquidity event." The easiest thing would be to grant new options with the existing vesting schedule, but if the strike price is wildly ...

RE: What questions should I ask about equity compensation?

Posted By Teresa-Judith Chartrand 02-06-2024 08:47
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Hi Edwin - I totally agree with @Mate I. Zgombic and @Nelsie Birch re: the FAQs brought up, and I'd say our number 1 question is "what happens if/when the company is sold?" Far and away, the employees want to know how they're eventually going to cash out, which is difficult to answer. You have to be ...

RE: what option type for Team members non employees

Posted By Teresa-Judith Chartrand 01-09-2024 11:47
Found In Community: Carta Collective \ view thread
@Alan DeRossett If you are looking at true SARs, then I would have to say this is where you'd want to get counsel and/or tax professionals involved, or anyone who has specific experience with SARs (and I'm sure Carta can provide you with some direction). SARs are definitely out of my wheelhouse, and ...

RE: what option type for Team members non employees

Posted By Teresa-Judith Chartrand 01-08-2024 10:34
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Thanks for tagging me, Chris! Chris is correct re: the two types of awards (ISO and NSO), and if anything, these would be NSOs. However, given this context, this type of 'award' doesn't appear to be under the umbrella of stock options. If this is to share in prize money (i.e., the volunteers are providing ...

RE: Issues option grants without a 409a valuation

Posted By Teresa-Judith Chartrand 01-08-2024 09:50
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You definitely wouldn't want to pick a FMV out of thin air. There are a handful of factors that go into a board-determined FMV (revenue, liabilities, industry risk, etc.), and this should be done thoughtfully and with the assistance of professionals as needed. That being said, we (a law firm) always ...

RE: Issues option grants without a 409a valuation

Posted By Teresa-Judith Chartrand 01-05-2024 11:35
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[as always, not legal advice] Have these grants been previously Board approved? If yes, then you'd need to enter the Board-determined fair market value as of the date of the applicable Board Consent(s)/Minute(s) in Carta, and then enter the historic grants (i.e., with the true board approval date). ...

RE: Networking/Accelerators/Mentors/Advisors

Posted By Teresa-Judith Chartrand 12-04-2023 10:24
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Hi Milos - I agree with Marc re: it being dependent on your industry and financing goals, and also re: the accelerators (quality varying and long-term commitments being a significant consideration). I've had clients have much success with accelerators, but have also seen the other side. I just wanted ...

RE: Granting equity to international employees - webinar recording from last week with Carta, Remote & Easop

Posted By Teresa-Judith Chartrand 10-18-2023 09:43
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I am interested in the recording - TJ@blackgardenlaw.com Thank you! - tj ------------------------------ Teresa-Judith Chartrand Blackgarden Law ------------------------------

NSO to ISO - Vesting Question

Posted By Teresa-Judith Chartrand 09-29-2023 17:16
Found In Community: Carta Collective \ view thread
We have a client with an optionee that was initially brought on as a consultant. He was granted an NSO at that time with a vesting start date that aligned with his true start date. He has since transitioned into a full-time W2 employee. The Board now wants to cancel the existing NSO and grant a new 'replacement' ...

RSUs - A General Survey

Posted By Teresa-Judith Chartrand 08-23-2023 09:31
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We are seeing an increase in our clients issuing RSUs, and unlike my clients in CA (I am in NM now), they need quite a bit more guidance with the internal processes for RSUs. I am trying to get a general feel for how other (smaller) companies handle these so we can provide some 'standard practice' info ...