My wife just quit her job at a valuable private company. She has options for 8k shares she can exercise, and another employee at the company says he wants to buy them.
In looking at her contract for the equity, there is a right of first refusal clause, which seems normal, but additionally, there is language saying that if the company does NOT buy her shares, she must pay a $10,000 transfer fee if she sells them to another party.
I've never heard of a transfer fee this high, is this common?
Submitted August 12, 2024 at 11:04PM by TokinBIll https://ift.tt/QiId1Eu
