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D

Double-Trigger RSUs

A grant of restricted stock units at a private company that has two vesting conditions:

a service-based condition (i.e. time worked for company since grant)
a liquidity-event-based condition (e.g. IPO, acquisition, M&A)

This type of RSU grant tends to be made by later-stage, larger pre-IPO companies. For more on this topic, see a related FAQ and article on this website.

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