$9 billion cybersecurity firm Tanium exercises stock buyback clause - Business Insider

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Cybersecurity startup Tanium, valued at over $9 billion, exercised a clause that allowed it to buy its own shares from former employees whether they wanted to sell or not

and start reading now.

Since September 2018, Tanium has placed a clause in its employment contracts allowing it to execute this kind of buyback within a year of an employee's departure from the company, the company said. "This is not the standard for venture capital backed companies," attorney and stock option expert Mary Russell told Business Insider. One former Tanium employee affected by the buyback calls it a "gut punch."Like many startups, cybersecurity firm Tanium offers its employees equity in the company as part of their compensation packages.

The clause in question says that the company reserves the "option to repurchase all or a portion of the Shares" issued to employees for up to one year after the employee leaves the company, according to a copy of the document reviewed by Business Insider.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

Overvalued again.

How classy of them

Robbery

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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