Levels CEO, Sam Corcos, and Head of Legal, Zac Henderson, sat down with CEO of Carta, Henry Ward, to chat about the variety of equity offerings at startups. These include Incentivized Stock Option (ISO), Non-Qualified Stock Option (NSO), Restricted Stock Unit (RSU), and Secondary Sales. They dug into what they all mean and what the tax implications are for each.
(04:34) – The difference between public and private stocks
(12:06) – Why the strike price matters
(14:36) – Why you need to switch to RSUs
(18:15) – Employees are your investors
(26:26) – The possibilities of secondary sales
(28:51) – There’s no good reason to disallow secondary sales
(32:04) – Make sure your business is properly capitalized
(33:28) – How employees can sell their shares
Watch the Video – https://youtu.be/657bytdb8-E
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