from Hacker News

Why I will not exercise my Gitlab stock options (2017)

by adenadel on 10/14/21, 6:09 PM with 12 comments

• by abdabab on 10/14/21, 6:56 PM

  This is a little sad. That was 1.5 million dollars of vested share for the price of $4050 + taxes.

• by aeternum on 10/14/21, 8:16 PM

  Sad story but the author did not show sound judgement even on the way out. Very foolish to throw away money by allowing options with a significant premium expire.

  For anyone else in this position, there are companies that will purchase the options immediately and give you liquidity. Yes they charge a significant fee for the service but at least you get something.

• by caffeine on 10/14/21, 10:17 PM

  > I would even prefer to buy Bitcoins for that amount, than to invest it in GitLab.

  Hope he bought the BTC!