Thread

1. throw03172019 · 1790564296 · focus · HN ↗

   Don’t options expire (ex. Leaving the company)? How would this work thirty years later?

   1. warmwaffles · 1790564851 · focus · HN ↗

      If you exercise them, they are yours.

      1. HDThoreaun · 1790565491 · focus · HN ↗

         He didnt though. He only exercised 3/4 of them and it sounds like he sold those shares
   2. Vaslo · 1790565565 · focus · HN ↗

      If you’ve exercised them, you’ve essentially bought the stock at that price and own it. Most people just sell them right away because they’re more interested in the payment on the difference between option price and current price. But you technically could exercise/buy it and just hold.

      1. bpodgursky · 1790566220 · focus · HN ↗

         Uh the vast majority of people exercise and hold to start the clock on LTCG. Very rare and frankly mostly financially unsophisticated people who immediately sell just to cash out.
      2. what · 1790566231 · focus · HN ↗

         He’s not complaining about the options he exercised, rather the ones he didn’t and would now be worth a billion.

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