They are giving 10% of the sum to all employees, based on tenure. They didn’t have to do that as the article mentions as they never had employee stock options. So I guess a great bonus for employees? Not sure if this works out the same as having an option pool from the start?
options are so often unevenly distributed and eventually diluted to basically nothing that this is probably a better outcome for employees who’ve remained with the business.
They only have ~40 employees so if the sale price is ~150m, that’s hundreds of thousands of dollars per employee — much better than most people make out of the sale of their employer.
