I used to work at a startup that changed the by laws on exercising options and private sale.
At the strike prices I have I'm already in the money but would like to unload them.
Does anyone have any contacts/companies that would write a "forward contract" to take these off my hands?
I have 10,000 option in a Series D Silicon Valley company exercisable at $5.68 a pop. I have till November to exercise.
Said shares are currently valued at $24 each. So I am already $18.32 positive on each share.
I have the funds to exercise but am trying to find an underwriter to write a forward contract. i.e. a company that will take the shares off my hands right after any liquidity event. I don't want to have stagnant capital sitting around. I'm happy to take a haircut on the $24.
Not a "US person" per IRS definitions.