Mixpanel has announced a significant change to its employee equity program by extending the post-termination option exercise window from 90 days to five years for employees who remain with the company for at least two years. This change aims to make it easier for employees to benefit from stock options, which are a crucial component of their compensation. The traditional 90-day window often forces employees to leave without exercising their options due to financial constraints, leading to a sense of being trapped. Mixpanel's decision prioritizes fairness over the potential dilution of shares, as it believes retaining employees who truly wish to stay will foster a more motivated and risk-taking workforce. The change was carefully considered and implemented with the assistance of a legal and finance team, and an equity management platform called eShares was used to facilitate the transition. Feedback from employees has been overwhelmingly positive, as the extended window provides them with greater flexibility and peace of mind regarding their equity options.