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▲ reticulates an hour ago

You are ultimately responsible for asserting your contractual rights. Your stock options had an expiry and you did not exercise them in time. The letter you received notifying that you had 15,625 vested options was not an award in of itself, it was only a courtesy notifying you that you had vested options to exercise before they expired. Even if due to ambiguous wording it could be argued that 25,000 options had vested at the time instead of 15,625, that was only relevant until the options expired. You needed to assert your rights to the [additional 9,375] vested options before they expired. So, this issue died in 1996.

I had a similar experience although over a shorter time horizon. I was in a dispute with a corporation which prompted me to pore over every word in every previously signed agreement. I discovered, due to an obvious typo in a stock option agreement, more options had vested than had been intended. After some pushback, they eventually relented and awarded me the options.

Given the amount of money involved, it was worth engaging lawyers to see if NVIDIA would pay you some money to save the hassle of dealing with it, but there is and was zero prospect of this ever being awarded in your favor by a court since the options expired.

▲ an hour ago | parent | next [-]
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▲kevmo314 an hour ago | parent | prev | next [-]

The article states that they exercised their options.

▲reticulates an hour ago | parent [-]

No, it doesn't.

https://colo.to/exercise.pdf

They exercised 15,625 options of the 25,000. The OP sent $781.25 to NVIDIA. The remaining 9,375 options were not exercised, they expired 90 days after April 16th 1996.

Only in hindsight, 30 years later, has the OP realized that the other 9,375 had vested due to ambiguous wording in the agreement. The article is about the 9,375 that were not exercised.

▲ 17 minutes ago | parent | next [-]
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▲donbox an hour ago | parent | prev [-]

So 15,625 were exercised.

▲Eric_Gullichsen an hour ago | parent [-]

Yeah. The issue being that at the time both the CFO and their external counsel Cooley told me in writing that 15,625 shares had vested. Those representations were incorrect. And I (quite reasonably) replied on them rather than checking the original documents. Which I did only 30+ years later. In legal terms, the CFO Gani’s 1996 letter is a negligent misrepresentation, a species of fraud under Cal. Civ. Code § 1709-1710.

▲cloudbonsai 16 minutes ago | parent | next [-]

What happened to 15,625 shares you did exercise? I guess they are worth over $1.5 billion as of today?

▲lazyasciiart an hour ago | parent | prev | next [-]

Well, the bad news is that the statute of limitations on that appears to be three years in California.

▲schneems an hour ago | parent | prev | next [-]

> replied on them

I think this is a typo.

▲ 31 minutes ago | parent [-]
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▲j45 37 minutes ago | parent | prev [-]

I'm no expert, but did your lawyers clarify if a statute of limitation start from the date you learned there might be a discrepancy, instead of all those years ago?

While no one's hands might be clean in this, at the end of the day the party with the resources and expertise is equipped differently.

It might not hurt to get some more opinions even if they end up in the same place.

▲binlog 4 minutes ago | parent [-]

They learned about it when they signed the contract. Saying “I forgot about it“ doesn’t reset the statute of limitations.

▲bradly an hour ago | parent | prev [-]

I've never been on either side of one of situations, but if the company is doing well, why doesn't the company just take care the human? These don't really seem like opening-the-flood-gates types of decisions that companies could just choose to do if they wanted to, right?

▲brettgriffin 19 minutes ago | parent | next [-]

You don't see the risk that is created when you allow unexercised options get called at a later date, when they're in the money, because the company is 'doing well'?

▲crossroadsguy 30 minutes ago | parent | prev | next [-]

One of the reasons such companies do well is they don't entertain "such things". Sad. But that's besides the point.

▲xyst 16 minutes ago | parent | prev [-]

> why doesn't the company just take care the human?

Taking care of the human is not good for cApiTaLisM