Physix FrontierPhysix Frontier · News Briefing Card (IT Home · Oct 13, 2026)
ByteDance Launches New Option Buyback at $241.35 per Share
KEY FACTS
- ByteDance sent an all-staff letter on October 13, launching an option buyback for October 2026.
- The buyback price is $241.35 per share before tax, consistent with the price circulating in early September.
- Departed employees can participate in the buyback, and those who left due to business adjustments receive the same price as current employees.
- For total package options, 50% can be bought back after each batch vests, increasing by 10% each subsequent year.
- Performance-based options granted before January 1, 2026 can be bought back 100%, while those granted after are 55%.
KEY DATA
$241.35 per shareBuyback Price
Approximately 1,618 yuan per shareEquivalent in RMB
50%First Buyback Ratio for Total Package Options
100%Buyback Ratio for Performance-Based Options (Granted Before 2026)
PHYSIX OBSERVATION
Departed employees are not discounted, and the buyback price matches rumors; ByteDance is using real money to stabilize morale. The normalization of option buybacks shows that big tech is turning equity incentives from pie in the sky into a redeemable liquidity tool. It is good for employees, but it also hints that IPO expectations remain unclear, and the company chooses to appease with cash rather than wait for an IPO.
Source: IT Home report