i assume they are converted to the public company stock 1-for-1 or on another agreements stipulated in the purchase. but what happens to the vesting schedule? are they automatically vested once the purchase is complete and options are converted or do they keep the same vesting schedule. ex. i have 1000 shares, 500 are non-vested at the time of purchase. a) nothing. they keep the same vesting schedule b) acquiring company dictates new vesting schedule based on their stock policy. c) they are all automatically vested once purchase is complete.
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