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They way I'm reading the article is that there are employees that would incur large tax liabilities by exercising their options, but have no way to sell those o
by fatnoah 4y ago
They way I'm reading the article is that there are employees that would incur large tax liabilities by exercising their options, but have no way to sell those option, so Stripe is looking to cover those taxes.
Whether those employees may or may not have been able to ameliorate this by making an 83b election is moot at this point. They clearly didn't, so now something has to happen if the company wants to keep them around.
- s1artibartfast 4y agoI can't read the whole article but are they planning to buy back some of the stock to cover the tax, or simply pay it as some kind of a perk. Edit: after reading the archive link, it seems that the former case is the most likely.
- fatnoah 4y agoYeah, I think it's the former, so it'll feel more like "sell to cover" for the employee. I'd have to imagine that paying it as a perk would trigger its own tax liability.