Were you awarded stock options as part of your compensation for working for Exodus? If so, you'll need to exercise them to participate in markets trading Exodus shares. This guide will show you how.
In this article:
What are Exodus stock options?
Exodus stock options give the right to purchase a share of Exodus stock at a certain price.
Who received Exodus stock options?
Most option holders are current or former employees of Exodus. Options were awarded from 2019 through 2021.
Why do I need to exercise my options?
Exodus Class A common stock can be traded on supported brokerages, while stock options are not transferable. Therefore, to participate in trading, option holders will need to obtain Exodus Class A common stock.
How do I exercise my options?
Send an email requesting option conversion to [email protected], and we will guide you through the process.
The exercise cost (as well as taxes for USA residents) can be paid in USD, USDC, or a "cashless exercise" where fees are paid in shares.
I exercised my options. What's next?
Exercising options grants Class B shares of Exodus. (Please note: there might be a holding period of 180 days or less, depending on when your options vested.)
The next step will be converting your Exodus Class B shares into Class A shares: Converting B shares to A shares.