Flipkart, a Walmart subsidiary, will allow eligible employees to cash out up to five percent of vested stock options at a price of 713.4 rupees per unit. Payments are scheduled for August.
Second ESOP Liquidity Event
According to an internal memo from Group CEO Kalyan Krishnamurthy, Flipkart will conduct a second stock option liquidity event under the previously announced program. This decision was made after the Walmart-owned company achieved key metrics set by the board of directors.
Program Terms and Timeline
Under the Flipkart Stock Option Plan 2026, all active employees as of July 15, 2026, will be able to exercise up to 5% of their unvested options that were vested between July 16, 2023, and July 15, 2026. The liquidity price is set at 713.4 rupees per option, with payments slated for August 2026.
Recognizing Employee Contribution
This program marks the second discretionary ESOP liquidity event, as last year Flipkart informed employees that the subsequent window would depend on the achievement of specific business goals. Krishnamurthy noted that the board approved the new event after analyzing the company's progress.