If Float is ever sold or part of an IPO, tenured team members will be eligible to receive a portion of 4% of the value of the company.

That 4% would be divided into units, based on the number of team members and their utilization at the time. People who were working for us for less than 1 year would receive 0 units, someone working 40h/week for 1 year would receive 1 unit, and so on, until you're fully vested at 5 years for 5 units.

Example:

• Joe has been working Full-time (40h/week) for us for 4 years. He has accumulated 4 units
• Sam has been working Part-time (20h/week) for us for 2 years. She has accumulated 1 unit
• All other team members accumulate a total of 5 units
• Float sells for $10M. Joe receives $160K, Sam receives $40K

Unsure of your current allocation or have any questions on how this works? Hit up the Operations team.