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They just reinvented the RSUs without the S part.

Since RSUs are generally treated as shares, employees have a slight idea of what kind of piece they're getting. With this setup, "At least 5% of the ultimate sale price" could be anywhere from 5% to 100%.




Could you explain why a public company would issue RSUs instead of restricted stock?


They wouldn't be public, right? Hence all the liquidation event talk.




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