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@whereheis When was your most recent raise? I’m willing to bet that if you were doing your first raise now pre-product, you’d be incredibly lucky f you could close, let alone closing in 2 months.

@stas If he paid, then chances are he purchased restricted shares.

@stas A bit confused. You use the term “options” but later say he entered into a “stock purchase agreement”, which implies he received (restricted) shares and not stock options. Assuming you miswrote and meant shares and not stock options, then based on the agreement as you quoted, it appears...