US workplace terms
409A valuation
An independent US valuation of a private company's ordinary shares, used to set the strike price for employee stock options.
A plain-English explanation of how this usually works in the US, not legal, tax or financial advice. Rules differ between states and change over time, so check your own situation. Disclaimer.
You'll hear it as
The new 409A came in lower, so new hires get a cheaper strike price.
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