Video Transcription: What are Stock Options?

[Hudson]

Welcome to Zodio. We’re glad to have you on the team.

Your offer letter mentions stock options, but what even are stock options? Stock options are a way for Zodio employees to share in the company’s success. A stock option isn’t quite a share of company ownership, but an opportunity to purchase shares of Zodio.

In other words, we’re holding your spot in Zodio’s investor table. Once your stock options are vested, you can choose to purchase or exercise stock options at a standard rate. When you join the Zodio team, you’re offered 1,000 stock options that follow a four-year vesting schedule. The vesting period means that your stock options will incrementally become available to you over the course of four years.

Like most employee equity programs, our stock options follow a vesting schedule with a one-year cliff. That means you can exercise your first 250 stock options after your one-year Zodioversary. This is our way of thanking you for the time you serve on our team. The remainder will continue to vest or become available over the course of that four-year period. So long as you’re still at Zodio.

For recommendations on exercising stock options, contact an independent financial advisor if you have any other questions about your offer letter. Just let me know.

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Video Transcription: What Are the Three Stages of Money Laundering?

[Narrator]

Money laundering happens in TV movies, crime novels, and here. Yep, money laundering can happen anywhere, including right under your nose.

[Employee]

In my sandwich?

[Narrator]

No, no, not in your sandwich. That was a metaphor. In 2020 the United Nations estimated that $800 billion to $2 trillion disappeared through money laundering. Want to learn how to stop money laundering? First, you’ll need to learn how it’s done. Money laundering is the process of making dirty money clean.

No, not like that. Money laundering is the process of making dirty money clean so that criminals can actually use their ill-earned cash without getting tracked down. The first stage of money laundering is placement. When the dirty money is placed in a legitimate financial system like a bank or a business. Cash intensive businesses where transactions aren’t closely regulated, like bars and pawnshops, are especially vulnerable. So let’s say you illegally got $10 million. Where would you put it?

[Employee]

Uh… In my sandwich?

[Narrator]

Enough with the sandwich. To hide that kind of money, a fraudster might create a few cash-heavy, legitimate businesses like an antique shop or a hair salon. Once the money is placed in the salon, it’s time to move to the second stage of money laundering, which is layering. Layering is the act of moving the money through complex transactions to make it virtually untraceable. So at the salon, you might gradually slip the dirty money into an unregulated tip jar to mingle with legitimate cash so you can’t tell the cash apart. The final stage of money laundering is integration. When you take that mixed-up money to the bank, once you’ve deposited the dirty money, along with the tips into the salon’s bank account, it becomes legitimate, untraceable, and expendable cash you could use to buy anything you want, including a sandwich. Understanding the basic mechanics of money laundering is key to knowing your customer and advancing the fight against real-life crime.

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