You join and are granted 400000 options at $10 strike and stock is worth $10
2 years in and the stock price is now $110
You think the company is terribly run and the stock with crash at this point. However if you quit, you lose the 200000 unvested options worth $2M on paper
Even if the stock crashes to $20 they are worth $200k
Hard to find a better paying job in that situation until the options are fully vested
You join and are granted 400000 options at $10 strike and stock is worth $10
2 years in and the stock price is now $110
You think the company is terribly run and the stock with crash at this point. However if you quit, you lose the 200000 unvested options worth $2M on paper
Even if the stock crashes to $20 they are worth $200k
Hard to find a better paying job in that situation until the options are fully vested