<aside> ℹ️ We’ve outlined some useful information below about share options at Prolific.
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Prolific values the hard work that our team members do and we want everyone to stay with us for the long term.
By offering you the chance of a future stake in our business, we hope that you see it as a reward for your input into our success and growth.
For any international hires, please talk to us to see if share options are a possibility in your country of residence.
Share options are the right to buy a defined number of shares in the future at a price set on the date you were given the options.
If, when the time comes, you decide to exercise your right to buy those shares, the price you pay for them (known as the ‘exercise price’) will be the price set on the date you were given or granted the options.
If the value of our shares rises you’ll effectively be buying your shares at a discounted price. The more Prolific grows, the bigger the discount becomes.
Having shares in the company means you could directly gain from our success if you choose to keep hold of the shares.
The value of your share options depends on how much the value of Prolific grows.
As a private company, there is no accurate way to define a market value at any given date. We’ve been growing fast and we continue to have ambitious growth targets for the coming years.
We're hopeful that one day we will be a ‘unicorn’ company.
When and if that day comes and you sell your shares, the gain you make on these share options will be: (Price per share x no. of shares you hold) - total exercise price paid = GAIN
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The other important benefit of share options is that, if you meet the relevant criteria, you may also be eligible for a reduced tax rate on any gain of as low as 10%.
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Vesting conditions require you to meet specific criteria in order to ‘earn’ your share options.