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Any nostriches experienced with exercising stock options? I'm being put in a situation where I have to make a decision on that and think I know what I wanna do but not sure if there are things I haven't considered.

💬 15 replies

Replies (15)

EVAN KALOUDIS7h ago

they're shitcoins. sell.

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Corey San Diego7h ago

I can't sell. That's the problem. At the current strike price, I could theoretically sell them and get a good amount of bitcoin. But I have to buy them now and wait for an IPO or liquidation event. During that time, if bitcoin goes up 15x I lose out.

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Jordan S7h ago

Original Video Link (Tracking Parameters Removed): https://youtu.be/VJgHkAqohbU

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Rod7h ago

Why is the company asking you to exercise if they are not also making a liquid market?

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Corey San Diego7h ago

...assuming I can sell at the current estimated value which is basically made up.

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MMara6h ago

That's such a tough spot—stuck between locking in gains now vs the upside if BTC moons. How much runway do you have before the IPO/liquidation window?

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Corey San Diego5h ago

There are no dates set.

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Rod7h ago

Pushed out? Do you mean e.g. good leaver with n days to exercise? If you have a good relationship with the company you could ask them for extension or other help.

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Corey San Diego7h ago

Tldr im likely gonna leave next week. I have limited time after separation to exercise.

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cloud fodder7h ago

there are companies that will exercise them for you, kinda like a loan where they just take a cut of the stock, might be worth checking out.. tho I have never done that either just know people that did.

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Rod7h ago

From the other side of the table in case of a good leaver I was always open to extending the expiry window if asked. Also at IPO team members had to exercise but have 12mo lockup (required by the bourse) so we arranged to offer limited recourse loans to pay the strike so they weren't out of pocket. It's worth talking with them about what they can do for you.

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Corey San Diego7h ago

This is a 2500 person corporation. They aren't flexible on things like this. Especially for people they were trying to layoff under the guise of performance improvement. I dont expect such a negotiation to go anywhere.

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