Uber to Give Ex-Employees More Time to Exercise Options

Longtime employees of Uber will find it easier to quit the company, thanks to a change in how it deals with stock options.

The ride-sharing firm is dropping the requirement that employees who quit must exercise any options they have within 30 days, or lose them, according to three people briefed on the change. Instead the departing employees will have as many as several years to exercise the options.

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Extending the exercise window could possibly reduce secondary trading in the short term. That's because former employees would be more likely to just hold on to their options, instead of trying to figure out a way to sell stock to cover cash payments.

—Alfred Lee contributed to this story

Amir Efrati and Max Cantor commented on this article.
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The change could be an attempt to improve morale at Uber, which has been battered by a series of recent controversies.