Shulou(Shulou.com)11/24 Report--

CTOnews.com, Nov. 8, according to thepaper.cn, the byte jump has begun the second round of employee option buybacks this year. Of this total, the pre-tax repurchase price for former employees was $128 per share, while that for current employees was $160 per share, up 3% from $155 per share in the previous round. According to the email, employees can apply for participation voluntarily according to their actual needs.

Since 2017, Byte Jump has been providing employees with option buyback opportunities to meet their cash needs. The company used to provide employees with two rounds of option buybacks each year, once in the first half of the year and one in the second half of the year, with a certain price adjustment each time.

According to reports, when an option changes from a contract to cash, it goes through four steps: grant, ownership, exercise and cash withdrawal. Employees will be granted options when they join the company, and byte employees can also obtain options through year-end bonus replacement. Byte options need four years to be fully owned, with annual ownership of 15%, 25%, 25% and 35%, respectively. The ownership part can be realized by paying a small exercise price, which can be realized by the company's buyback or sold on the open market after the company is listed.

CTOnews.com noted that there were media reports in October that Byte Jump plans to buy back employee shares at $160 a share. Based on the 1.4 billion shares issued, the company is valued at about $223.5 billion, down 26% from September 2022.

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