A cashless exercise, also known as a "same-day sale," is a transaction in which an employee exercises their stock options by using a short-term loan provided by a brokerage firm. The proceeds from exercising the stock options are then used to repay the loan.
Key Takeaways
A cashless exercise transaction involves using a broker to facilitate the sale of stock options by employees.
It is designed to allow employees to exercise their options even if they do not have the resources to make the upfront purchase of shares.
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