ESOPs are confusing
I have some ESOPs($17k total) at my current company(startup, initial stage), vesting over 4 years with a one-year cliff (25% vested after my first year, monthly after). I have completed 1.5 years here. I'm not sure if they're actually worth anything(no funding rounds since last 2-3 years, founder is saying he will raise in next 3-4 months), and I'm worried about the taxes when I eventually redeem them. Also I dont know about the redemption process. Could someone explain how this whole ESOP thing work, what the tax implications are, and where I can find more information? what all should I ask to my manager/HR as we dont have any portal/guide where I can see all these information. these are the questions I have rn how to track how much is vested? how do I redeem them? can I not redeem them this year, will they still be available to me in next financial year?
StormyOcean7
Stealth
9 months ago
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