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Right, I am interested in whether they would do this during the lockup period. It would seem that if employees were contractually obligated to hold their positi
by superuser2 10y ago
Right, I am interested in whether they would do this during the lockup period. It would seem that if employees were contractually obligated to hold their positions, selling to cover taxes wouldn't be allowed.
- DannyBee 10y agoYou know, i've never really delved into the details of this, but i wonder if it's only required to be withheld, not sold. That is, uber could withhold the right number of shares, and is selling them itself or repurchasing them and paying out the FMV. In any case, Uber has to pay the withholding, and i suspect they have no magic way around this.