Yes I just confirmed, and stand corrected. The tranche #1, 2.5mm is vested after 90 days of employment, but locked up for 2 years. Which obviously is better for LQMT holders, Gives Tony much more incentive to get things going.
You are correct, there is a two year lockup period (and a three year) before the shares can be sold. Unless the entire company is sold, then he gets all the shares and can sell them immediately.
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