Probably not: He owns whatever portion is vested, subject to dilution in event of future fundraising. Some of his equity will already be vested based on his tenure and vesting schedule used. Plus, if his agreement has any kind of vesting acceleration clause that ignites upon material event (company sale, key personnel replacement including his position, etc), he may well be fully vested.
> After Zenefits investigated the macro in late 2015 and early 2016, Conrad agreed to resign from the company at an emergency board meeting on Feb. 1, according to the Cooley report. But Conrad controlled three of the company's four board seats, giving him significant leverage in the negotiation over his ouster.
> This allowed him to secure a $130,000 severance payment from Zenefits, the people said. Conrad also kept his Zenefits shares and was permitted to keep unvested stock that would vest over the subsequent six months, according to the people.
