yanda

1. The day you exercise, the IRS will tax you income tax on the value between the stock's current value and your strike price. This is true even though you haven't made money from selling the stock yet.

2. If the company is still private, the stock's value is determined by the last 409(A) valuation for Common stock that the company performed, assuming that your options are for Common stock (which is very likely). The company must perform one of these valuations a year and should provide you with that amount upon your request.

3. Exercising the stock starts the clock for long term capital gains treatement. That is, if you sell the stock a year after exercising it, you will pay capital gains tax on the value difference between the sell price and the value at exercise.

Math wise:

* TP = strike price (the price in your option contract at which you buy the shares)

* EV = value of a share at exercise time, as determined by the latest 409A valuation

* SP = sale price of a share when you sell the stock eventually

* #S = the number of shares you have

* IT% = Your income tax rate

* CT% = Your long term capital gains rate

At exercise:

- You pay to exercise the shares: #S * TP

- You owe in taxes: #S * (EV - TP) * IT%

At sale

- You make: #S * (SP - TP)

- You owe in taxes, assuming you waited a year to sell: #S * (SP - EV) * CT%

Yep!

Good question. Would you like longer videos? My hope was to make it as easy to make as a photo, hence opting for a shorter video.

Aw shucks. Thank you

Thank you!

Not a bad idea though lynx doesn't do a great job parsing HTML emails either, unfortunately. Turns out it's an annoying problem irrespective of the email "client"

Good point. I will add it to the list of feature requests.

That's a good question. I'm obviously curious about the answer as well. ;-)

Spoofing the phone number is not very hard. That said, you'd still need the PIN to gain access to the email. A 4 digit pin is not the most secure thing around, but the combo of the phone number and the PIN seems reasonably safe. Thoughts?

Yes yes...there are bugs. :-)

It manages to read _some_ HTML emails but there are definitely still tons of rough edges. Turns out email parsing is not fun. :-)

The reason I went with a phone number is that phone calls generally play well with cars (in-car bluetooth headsets, etc...) whereas audio for apps usually has a harder time connecting to in-car devices.