I'm curious if recent private company option repricings have included terms other than just price, i.e. changes to vesting, numbers of shares outstanding, option life, etc. Also, if you've done recent repricings, did you do it with an offering circular, or just by fiat by the board?
Thanks!
In my particular case, it was a negotiation with our key shareholder/Board member. Since we had significant down round and 99% of the employees were under-water, we agreed to a lower price but had to settle for 20% less in shares. The
After a large extraordinary dividend our (private) company reset option prices lower and increased the number of options. The resetting was done is such a way as to make the value of the options the same as before the dividend and is stipulated in
