What you’ll learn from this episode:

● Why third parties may give advice that employers can’t: “Is the company going to go bankrupt or grow 10X? The company doesn't want to take either stance. The company can't tell all its employees, ’We are definitely going to be worth $10 billion. You should exercise now.’ What happens if it doesn't?”

● How equity compensation decisions vary from person to person: “[Our goal is to help people] make the right decision for them and that is not always exercising. Sometimes it's better to not exercise. Sometimes it's better to wait two years and see what's going to happen. It depends on the individual. ”

The guest speaker is neither an employee nor affiliated with Morgan Stanley Smith Barney LLC or its affiliates. Opinions expressed by the guest speaker are solely his or her own and do not necessarily reflect those of Morgan Stanley Smith Barney LLC.

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Information contained herein has been obtained from sources considered to be reliable. Morgan Stanley Smith Barney LLC does not guarantee their accuracy or completeness.

Morgan Stanley at Work, Shareworks, Morgan Stanley Smith Barney LLC, and its affiliates and employees do not provide legal or tax advice. You should always consult with and rely on your own legal and/or tax advisors.

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CRC 4699360 (04/22)