alt Hacker NewsWhen the options expire do they give new equivalent ones to the employees that hung on? Otherwise what’s the point?
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pastel8739 • today at 6:32 AM
You can exercise the options before that time is up, paying the strike price to convert them to shares
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You have to exercise the options or let them expire. You normally have 10 years not 7, but if a company comes up on 10 years after they issued their first options, they might try a tender offer to buy some employee shares. If your 10 year old "start up" shares can't be sold anywhere, then they probably aren't worth exercising. A company that can't provide liquidity to employees for 10 years will probably never do it.