Equity Compensation: Growth Stage – 409A Valuations, NSOS vs. ISOS, Early Exercise

Presenters:

Samir Bakhru
Senior Associate, Orrick

Michael Yang
Partner, Orrick

Categories:

The Company Lifecycle

Presenters:

Samir Bakhru
Senior Associate, Orrick

Michael Yang
Partner, Orrick

Categories:

The Company Lifecycle

February 19, 2020

Overview

After a startup’s first major financing, stock options come into focus. Samir Bakhru and Michael Yang of Orrick’s Technology Companies Group talk about the importance of a fair market value appraisal to remain compliant with tax code and analyze the differences between ISO and NSO stock options—including the nuances of early exercise and pitfalls such as the 100K ISO limit.

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