Has anyone exercised their options when leaving a business? Any tips or advice? Also, is it normal to ask for a signing bonus from the new company to allow me to exercise my options?
Donut_free
Exercising options when leaving a job?
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I neglected to do so at one of my previous companies...and they were acquired 15 days post-exercise window. I lost a lot of money and I regretted that.
If you can afford to exercise them, which is often not the case, and you feel that the company is headed for acquisition or IPO, then I'm in favor of exercising. However, if you don't see them going anywhere then you are essentially investing money in something you'll never see returns in.
I've never worked somewhere that offers a signing bonus...but if you can get it, go for it!
If you can afford to exercise them, which is often not the case, and you feel that the company is headed for acquisition or IPO, then I'm in favor of exercising. However, if you don't see them going anywhere then you are essentially investing money in something you'll never see returns in.
I've never worked somewhere that offers a signing bonus...but if you can get it, go for it!
Thanks, I appreciate the insight.ย We have buyers sniffing around and that is the exact scenario I am worried about.
WOOF. Sorry to hear that. I had options with a public company that were less than the stock price so I let them expire and left the stock alone...and then the stock more than doubled.
I think it depends on how much you believe in the company. But if you are leaving the company... there must be something you don't believe in?ย
Personally, I'd suggest recommending exercising the options if you have the cash to do so.
If you don't have the cash then you don't really have an option.ย
I guess if you don't have the cash you can always do what one of my friends did... he got a HELOC on his house and was able to draw against that and exercise his options. A couple years later it definitely worked out for him.
Personally, I'd suggest recommending exercising the options if you have the cash to do so.
If you don't have the cash then you don't really have an option.ย
I guess if you don't have the cash you can always do what one of my friends did... he got a HELOC on his house and was able to draw against that and exercise his options. A couple years later it definitely worked out for him.
I do believe in the company and really like the product.ย I also do think it has legs, I am looking at moving on as the new opportunity is more in line with my career goals and waaaaay better pay as I am currently under paid and over worked.
HELOC is very brave lol
HELOC is very brave lol
How much $ are we talking about to exercise them? Based on your comments about the company likely being sold at some point this could be a smart investment. It should be considered like a high risk investment where you only use money you can deal with never seeing it back. If you have money for that type of investing than go for it, you'll feel like Warren Buffet if it works out.
No on the signing bonus from the new companies. Is it a fair assumption that the company is still private?
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