---
title: "ESOP"
description: "Employee Stock Options"
---

import { FaDiscord, FaMap } from "react-icons/fa";
import { Steps } from "nextra/components";

## Shares and Equity

Menlo is [employee-owned](/handbook/why/ownership). The people building Menlo own a meaningful percentage of the company over time.

### Distributions

Every 6 months, Menlo distributes 1% of company equity among its team members: 

- Dec 2023: 1% distributed among 10 team members (1 part-time)
- June 2024: 1% distributed among 15 team members (4 part-time)
- Dec 2024: 1% distributed among 18 team members (5 part-time)

Distributions are performance-based, and cover both full-time and part-time team members and open source contributors. 

This schedule is subject to change based on the discretion of the board.