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Refreshers aren’t priced at the price of the date of hire, that would be crazy. It’s not more exponential than holding S&P 500.



Refreshers are priced at when they were granted and compound 4 years. So you have 4 years of compounding growth. Refreshers also stack, creating more compounding.

Once they vest, you can sell them to match snp500 past the 4 years.




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