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- Strike PriceThe strike price (or exercise price) of an option is the price per share at which the owner of the option can buy (call option), or sell (put option), the underlying security.
- Common stockCommon stock is a form of corporate equity ownership, a type of security.
- Preferred StockPreferred stock (also called preferred shares, preference shares or simply preferreds) is a type of stock which may have any combination of features not possessed by common stock; including properties of both an equity and a debt instrument.
- Founder Preferred StockThe “Founders' Preferred” is a special class of stock that founders can convert into any series of preferred stock sold by the company to VC's in a future round of financing. The founders would only choose to convert these shares when they plan to sell those shares to VC's or other investors in that round of financing.