G'day dolci, I'm looking at vesting as the amount of shares that...

G'day dolci,

I'm looking at vesting as the amount of shares that are available to be sold after a period of time.

What is Share Vesting?

Time-Based Vesting

A typical arrangement is that shares will vest after a period (usually four years). The vesting period commences after a certain period (usually one year) from when the co-founders agree (known as the ‘cliff’). Practically, a co-founder will get nothing if they leave the company before the first year has passed. At the one year mark, 25% of the shares will vest and then, from that point onwards, they accrue at just over 2% per month until you reach 100% (assuming it accrues monthly).

	Period of Time	Shares Vested
1	Up to One Year	0%
2	At One Year	25%
3	At Two Years	50%
4	At Three Years	75%
5	At Four Years	100%

The appendix 2A from June 4 doesn't show shares being converted.



Either way, looking forward to the next couple of weeks. Peter's share sales dominated almost all of September and is now behind us.
Onward and upwards from here.