Besides the founders, Cheri Beth Bowen, Ronald R. Deering, Samuel D. Ellis, Mark F. Hamlin, Carlos L. Martinez, Alisha R. Shepperd and Sarah L. Theissen were all also charged with violating federal securities laws in connection with Forsage, according to the SEC complaint.
It’s almost formulaic: 409A assessors will tell a startup what public market companies they look like, and the more mature the startup is, the higher the impact public stock prices can have on the startup’s valuation. That’s because a low 409A valuation allows companies to grant their employees stock options at a lower price.