> We are wondering if this approach—requiring a direct tax prepayment—is standard practice. Yes. source: I went through an IPO. 2 friends at different companie

> We are wondering if this approach—requiring a direct tax prepayment—is standard practice. Yes. source: I went through an IPO. 2 friends at different companies had similar experiences. > If we underpay, we need to send more money within one business day. If we overpay, we have to apply for a tax refund later. We’re wondering how companies typically help employees navigate tax prepayment for RSUs. (double check this), but I think as long as you pay 110% of your tax obligation of last year, thats all you need to do. source: https://www.hrblock.com/tax-center/irs/tax-responsibilities/avoiding-underpayment-tax-penalty/?srsltid=AfmBOoo4-u8p6hs4D21y9M2HSysagUYpnI1agC5BO9K2Cwl8Yli72JkE https://www.hrblock.com/tax-center/irs/tax-responsibilities/... > We understand that current employees have access to a sell-to-cover option, while former employees are required to prepay in cash. We are curious if this type of distinction between current and former employees is typical for post-IPO RSU settlements. Do the current employees have "withhold to cover" or "sell to cover"? My understanding is current employees would not be able to sell their stock during a blackout or lockup period, but the company can legally withhold them.