“If shareholders are caught doing so, ‘all of the participant’s restricted share units will be immediately forfeited.’”
TikTok pays employees in stock and then reserves the right to take all of it back if they say anything “critical” about the company, its officers or its employees. Two former workers say the clause was not in the agreements they signed and only appears once someone threatens to sue. Patrick Spaulding Ryan, who owns tens of thousands of shares and posted that the clause is illegal, was left out of the latest buyback. That is the clause working as designed without anyone ever having to enforce it.