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> 2. Lots of long term employees have expiring options, and if they exercised them they would face a massive tax bill. They = the employees, right? But they al
by WA 4y ago
> 2. Lots of long term employees have expiring options, and if they exercised them they would face a massive tax bill.
They = the employees, right? But they also have massive gains, which they then could use to pay these taxes. What’s the problem, except that tax payments aren’t deferred into the future?
- sbierwagen 4y agoStripe doesn't want employees to sell stock to random third parties. This forces them to sell to a single buyer.
- johngladtj 4y agoThe shares are liquid and they are unable to sell, hence they don't have the cash to pay the tax