Test prep startup Unacademy has amended its employee stock option plan, significantly shortening the exercise window for former employees.
Earlier, employees who left the company had up to 10 years to purchase the stock options they had earned during their tenure. Under the revised policy, they must now do so within 30 days of leaving the company.
In an email to former employees, Unacademy said its board has approved a one-time 30-day window from the effective date of the amended plan, allowing exited employees to purchase all the stock options they…
