Employee Stock Ownership Program (ESOP)

A pool of options that is reserved for future employee compensation packages.

Exercise Notice

A form that must be returned to the company, along with any additional required items (including money or shares), in order for vested shares to be issued.

Repurchase Option

The right of a company to buy back vested or issued shares.

Restricted Stock (also known as RSU)

Represents a class of stock that has some restrictions on the transfer or sale of the instrument. Generally, most non-public stock has some restrictions, though they may vary depending on the issuer and holder. See our post on RSUs for a deeper dive.