Stripe raising $6B to resolve employee tax issue

parcjjgolf in

Technical Program Manager at Google22 days ago

Stripe raising $6B to resolve employee tax issue

https://www.newcomer.co/p/scoop-stripe-is-raising-6-billion

Stripe faces a $3.5B tax bill as employee shares expire, so it looks like they're raising money to cover that

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19g617l4fxtj8qBackend Software Engineer 22 days ago

What does it mean to have shares expire ?

bringeeRecruiter 22 days ago

Private companies typically give employees 10 years to exercise their stock options because the tax advantages change after that. Earlu employees of Stripe can’t exercise their options because Stripe hasn’t been acquired or IPO’d so that means they’re sitting on these shares they can’t do anything with and may not be able to do anything with.

That’s my real lay man understanding. Would definitely welcome other insight

Stripe raising $6B to resolve employee tax issue

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