Walmart-owned e-commerce giant Flipkart has greenlit its second discretionary employee stock ownership plan (ESOP) liquidity event, permitting qualified employees to cash out up to 5percent of their vested stock options, as stated in an internal email from Group CEO Kalyan Krishnamurthy.

The recent liquidity event comes after the company's pledge made last year when it revealed two ESOP liquidity opportunities. The second was dependent on achieving specific business objectives.

"Last year, we communicated that there would be two liquidity events, with the second contingent upon achieving specific objectives. I am happy to announce that, following our evaluation of the progress achieved together, the Board has sanctioned this second optional ESOP liquidity event," Krishnamurthy stated in the email.

According to the Flipkart Stock Option Plan 2026, every active employee as of July 15, 2026 will have the opportunity to redeem up to 5percent of their vested options accumulated over the last three years, from July 16, 2023 to July 15, 2026. The liquidity price is set at Rs 713.4 per option, with payments planned for August 2026.

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Sources indicate that the second liquidity event is assessed at approximately $25 million, raising the total value of the two tranches to $50 million.

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In July of the previous year, Flipkart initiated a $50 million ESOP liquidity program enabling qualifying employees to sell up to 5percent of their vested ESOPs at $174.32 per option. Then, the company indicated that a new liquidity window would become available in early 2026 if it met its performance targets.

The recent announcement verifies that the company has achieved those milestones and obtained board approval for the upcoming liquidity event.

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Flipkart has performed several ESOP buybacks throughout the years, featuring a record $700 million liquidity event in 2023, which is among the largest employee payouts by a privately held Indian company.