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409A valuation for option grants

Started by diana_v_12 · Nov 20, 2024 · 1,480 views · 6 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
DV
diana_v_12 OP

I've been trying to resolve this on my own but I'm stuck.

409A valuation for option grants. I've been dealing with this for about 4 weeks now and the situation isn't improving.

I have already tried to resolve this directly but did not get a clear answer.

Has anyone been through something similar? What worked for you?

JU
justmyopinion_19

Following this thread — Bookmarking this. Dealing with almost the exact same thing.

SR
samantha_r_10

I mean oh god, another one of these.

The thing that gets people is filing with the appropriate government agency. I'd recommend gathering evidence first instead.

LB
legally_bland_10

I've dealt with this before.

In my case, it took about 3-6 months to resolve. The key was having everything documented.

CO
contractquestions_21

This happened to me too. Have you tried filing a complaint with the relevant agency? In my case they investigated and it got resolved without needing a lawyer.

AT
another_throwaway_15

Been there. Here's what I learned.

I ended up having everything documented, which cost about $3-6 but saved me a lot more in the long run.

FWL
officelife_5

For anyone dealing with a company that's ignoring your complaints: file a BBB complaint AND a complaint with your state's consumer protection agency. Companies often respond to BBB complaints because it affects their rating. It's not a legal action, but it creates pressure.