4 ms·
It's not a mistake to sell the stock as quickly as you can if you anticipate a massive drop in the stock price. Which as an insider, you're in a position to do
by jellicle 14y ago
It's not a mistake to sell the stock as quickly as you can if you anticipate a massive drop in the stock price. Which as an insider, you're in a position to do.
Let's see, stock price went from $13 to $3, so yes, he's way ahead, even if he pays more taxes.
- ChuckMcM 14y agoTrue and since the pre-planned sale was at $12 and the current price is $3, assuming the stock scaled the same his $3.9M payday would have been a $975K payday, $480K after taxes. Quite the difference. And of course if you were one of those folks who were forced to give back options [1] before the IPO, you are probably pretty pissed off. [1] http://news.cnet.com/8301-13506_3-57322150-17/zynga-to-employees-give-back-our-stock-or-youll-be-fired/ http://news.cnet.com/8301-13506_3-57322150-17/zynga-to-emplo...