To transfer the stock directly you will need approval from the company/board.
I'm curious if anyone has done it without by using a private contract between buyer/seller (google: forward contracts).
177 karma · joined February 5, 2022
I'm curious if anyone has done it without by using a private contract between buyer/seller (google: forward contracts).
Worried about getting (or even asking for) board approval - what incentive would they have to allow an employee to reduce their stake in the companies success prior to an IPO event?
My main concern is around requiring board approval. There isn't any formal policy for employees seeking liquidity, and I'm not sure the board will be receptive.
I mean, what incentive would they have to allow employees to sell their shares before an IPO/exit event?