Owed a billion dollars in Nvidia stock
3 hours ago
- The author was an early advisor to NVIDIA in 1993 and received 25,000 stock options with a one-year vesting schedule.
- NVIDIA's CFO and legal counsel mistakenly applied a four-year vesting schedule, resulting in only 15,625 shares vesting instead of the full 25,000.
- Due to stock splits, the missing 9,375 shares became 4,500,000 shares, worth about a billion dollars by 2024.
- After discovering the error, the author hired attorneys but NVIDIA refused to settle, citing the statute of limitations.
- The author could not pursue legal action because 30 years had passed, making the claim time-barred.
- The story serves as a cautionary tale about the importance of tracking and enforcing contractual rights promptly.