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You don't have a phantom equity grant yet. Equity grants are awarded to the first 40 helpers who join LaundryLink.
LaundryLink offers phantom equity grants (0.25% each) to the first 40 helpers. These grants vest over 4 years with a 1-year cliff and pay out at company exit events (acquisition or IPO).
Tracking your ownership in LaundryLink
Your equity vests over 4 years with a 1-year cliff (25% after first year, then monthly for 3 years).
Your equity converts to cash at company exit events (acquisition or IPO). Here's what your grant could be worth: