RE: Cora wells3 Jun 2024 10:34
The options are not being “converted”. They are either being accepted or vesting (which is why they aren’t converting the full amount, as only a percentage vest on a given date). As to which, it depends on how the options are being granted.
Regardless of how their share options are granted, none would result in “cash in the bank”, as none involve those being granted them having to purchase anything.