AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Is There a Single Trigger or a Double Trigger?
When I would hire a CEO for one of my companies, they would negotiate what's called either a single trigger or a double trigger. And the single trigger is if there's a change of control, usually about 50% of my shares vast. So Parog, I would bet Parog has basically a single trigger where he gets all of it. But you're right. Probably the rank and file. It just continues. They're stuck there at the 54 vest,. They continue to vest in a private company. But the company's not worth it. That actually, I mean, I'll go this way, they could leave some money on the table and go to snap or somewhere else.