You may be able to donate them to a charity, which the Board might be more likely to approve since it doesn’t imply the company is worthless. Maybe someone on

You may be able to donate them to a charity, which the Board might be more likely to approve since it doesn’t imply the company is worthless. Maybe someone on the board is on the board of a charity, too. Also just a quick note that this would be capital “gains” and there’s a limit on how much you can offset income taxes with capital losses, at least in the US. If you’re offsetting other capital gains, then no issues.