Author Archives: Brad A. Badertscher

Cheap Stock Options: Antecedents and Outcomes

By | May 26, 2022

Between August and February of 2011, Pandora Media granted over six million stock options, each with an exercise price of $3.14. Pandora stated this exercise price was greater than or equal to the fair market value of its common stock. Five months later, on June 14, 2011, Pandora completed its initial public offering (IPO), issuing… Read More »