23andMe Internal Communication Presentation Deck
How Many Options Will I Get in "New" 23andMe?
• Your old options will be rolled over into options in "new" 23andMe
•
The math is the same math that governs the exchange of old 23and Me shares for
"new" 23andMe shares in the merger
Your "new" options will have the same value as your old options, calculated on the
same ratio that applies to 23andMe shares
• That ratio will be approximately 2.31 "new" 23andMe options for each old
23andMe option. This translates to a value per share of old 23andMe of $23.11
To match the same value as your old options, your old strike price per share will be
divided by 2.31. This means the aggregate strike price of all your old options will
exactly match the aggregate strike price of all your "new" options
• While 2.31 is approximate, the actual ratio should not change much. It's based on
the actual number of outstanding shares plus vested options on the closing date of
the merger
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