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He had grants for 0.25% of the company but left when only 1/3 of them were vested . Gitlab will probably IPO for at least a $10 billion valuation. Assuming no f
by LeegleechN 5y ago
He had grants for 0.25% of the company but left when only 1/3 of them were vested . Gitlab will probably IPO for at least a $10 billion valuation. Assuming no further dilution since the grant, the shares would be worth $8.3 million for a $4050 option exercise.
- disgruntledphd2 5y agoThe real cost is the tax he would have had to pay up to this point, and I have no idea what that would be. More generally, Gitlab has done really, really well since then, which definitely wasn't a given at that time.
- SkyPuncher 5y agoThese are options, what taxes?
- disgruntledphd2 5y agoMy understanding is that upon the exercise of options, one can become eligible for AMT (in the US). There's a similar issue with where I live (Ireland).
- jackhalford 5y ago> I joined GitLab as a Service Engineer in October, 2014 as its 9th employee. There’s a good chance the stock was diluted since then