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SEC Form 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSIONER 4Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPCheck this box if no longer subject to Section 16. Form 4 or Form 5 obligations
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How to fill out vesting of 17 units

01
To fill out vesting of 17 units, follow these steps:
02
Determine the vesting period for the units. This refers to the time frame over which the units will become fully vested.
03
Calculate the vesting schedule. This involves deciding how the units will vest over time. For example, you could choose to have 25% of the units vest after one year, with the remaining 75% vesting monthly over the next three years.
04
Create a vesting agreement or contract. This document should outline the terms and conditions of the vesting arrangement, including the number of units, the vesting period, and any other relevant details.
05
Ensure all parties involved agree to the vesting terms. This may require obtaining signatures or other forms of consent.
06
Keep track of the vesting progress. Maintain accurate records of the units that have vested and those that are still subject to the vesting schedule.
07
Communicate regularly with the individuals or companies who hold the units to keep them informed about the vesting process and any changes.
08
Once all units have vested, update the relevant records and consider issuing any necessary certificates or documentation to confirm the ownership or transfer of the units.

Who needs vesting of 17 units?

01
Individuals or companies who are offering equity or stock units to employees or other parties may need vesting of 17 units. This is a common practice in startup companies, where vesting is used to incentivize employees and align their interests with the long-term success of the company. By implementing vesting, the individuals or companies can ensure that the recipients of the units have a certain level of commitment and are incentivized to stay with the company for a specific period of time. Vesting of 17 units could be for a single recipient or multiple recipients, depending on the specific circumstances.
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