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409A – March 2018

409A – March 2018 · Option pricing model breakpoints

Each tier is valued as a call on total equity struck at the tier boundary.

Option pricing model breakpoints

1 tier
# Tier Range Shares Participants
1 Residual — all shares participate Residual $0.00 → ∞ 517,908
Options available (pool)

Incremental value

Equity value: $0.00

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