Twitter Freezes Employee Equity Award Accounts

The transcript discusses the freezing of Twitter employees' equity award accounts as the deadline for Elon Musk's acquisition deal approaches. This move is seen as a sign that the deal is proceeding as expected. The notice on Schwab accounts indicates a final reconciliation of employee accounts before the acquisition closes. Many Twitter employees were waiting for their stock to vest before considering leaving the company. The transcript also touches on the possibility of equity holders rolling over their investments into a private entity, highlighting the significant role of employee stockholders in the final closing calculations.

What is the significance of freezing Twitter employees' equity accounts?

• It indicates a delay in the acquisition process.

• It signals that the acquisition deal is proceeding as expected.

• It allows employees to trade their stocks freely.

• It means the acquisition deal has been canceled.

What does the notice on Schwab accounts allow for?

• Cancellation of all employee stock options.

• A delay in the acquisition process.

• Immediate trading of stocks by employees.

• Final reconciliation of employee accounts before acquisition closure.

Why is equity compensation significant in Silicon Valley tech companies?

• It is only for senior employees.

• It is not used in tech companies.

• It is a major part of employee compensation.

• It is a minor part of employee compensation.

What were some Twitter employees considering regarding their employment?

• Leaving the company immediately.

• Transferring to another department.

• Holding off leaving until their stock vested.

• Requesting a salary increase.

What option did Elon Musk mention for Twitter's public market investors?

• Selling their shares immediately.

• Rolling over their investment into a private entity.

• Receiving a cash payout.

• Transferring their shares to another company.