Managing an employee stock option plan looks simple on paper, but plenty can go wrong once the moment of truth arrives: an exit, a secondary sale, or a downturn that leaves options trading underwater. In part two of our podcast on employee stock options, Merav Leshem hosts Miriam Zaltzman and Ophir Kaplan, attorneys at S. Horowitz, for a practical conversation on the questions every employee and employer eventually ask themselves: when do employees actually see the money, what happens to their options at the moment of exit, what exactly is a secondary sale, and how should companies act when the market turns down and options lose their value.
