If Float is ever sold or part of an IPO, tenured team members will be eligible to receive a portion of 4% of the value of the company.
That 4% would be divided into units, based on the number of team members and their utilization at the time. People who were working for us for less than 1 year would receive 0 units, someone working 40h/week for 1 year would receive 1 unit, and so on, until you're fully vested at 5 years for 5 units.
Unsure of your current allocation or have any questions on how this works? Reach out to Glenn.
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