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Post# of 233749
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tedpeele

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tedpeele

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Re: tedpeele post# 144051

Thursday, 06/08/2023 7:51:58 AM

Thursday, June 08, 2023 7:51:58 AM

Post# of 233749
Replying to my own post about taxation. Perhaps the IRS views exercised options as a form of income that is immediately taxable. If that is the case if he has been given 50,000 shares at roughly 8 dollars a share he would be taxed immediately on I guess around $400,000. Since tax rates can be close to 50% including everything this could explain the sale that he made.
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