On: Apollo will close down on June 30th

[chimeracoder]

> What? As the grandparent implied, when RSUs vest, they turn into shares of stock, which makes the employee a shareholder.

Most RSUs for private companies (especially those issued by companies as old as Reddit) are double trigger, not single trigger. They don't turn into stock at vesting because that would be a taxable event. They turn into stock after the second trigger, which is a liquidity event (IPO or acquisition).

[angoragoats → chimeracoder]

While you're correct, you're being unnecessarily pedantic regarding the original point: it's very likely there are employees who are shareholders.

[chimeracoder → angoragoats]

> it's very likely there are employees who are shareholders.

Yes, I said that in my original post.