The Silicon Valley giants don't do options anymore, but RSUs (restricted stock units) which are simply share awards. There's no strike price to worry about, but of course it's a bit of a disappointment if you expected Uber to be a $100B company out of the gate.
Still, Uber employees will be happy that they can finally sell those RSU awards (in six months when the lockup expires).
Uber, Airbnb and the rest definitely give RSUs. Details may vary but they may use contracts like “double trigger vesting” where you don’t actually receive the shares until they’re publicly traded.
Still, Uber employees will be happy that they can finally sell those RSU awards (in six months when the lockup expires).