Management position in a SaaS company.
Was granted 1500 options with a four year vesting schedule. I've been there two years and therefore have 750 options available to exercise.
Purchase price is $24, current stock value is around $73. This is roughly $36k in cash. I've done some research and seems I would owe income tax on it since I would exercise and sell in the same year, meaning around $20k available if my math is correct.
Looking to use the cash to pay off (literally) every bill we have and be debt free, plus start a nice savings for a down payment on a house, and free up monthly cash to be used for investing in retirement funds.
The remaining 750 options will stay until the four years are up when I would probably diversify, since I don't like having all of my stocks tied into one company.
Thoughts?
Submitted May 04, 2019 at 10:29AM by Pete1burn http://bit.ly/2DNF8a7
