Hello.
I am exiting a management role within Tesla, and by doing so have been given 30 days to exercise my stock options position.
I have 169 shares, with a exercise price of 231.28, current stock price hovers around $350.
When I preview the sale, I get this breakdown, but don't really understand it.
Estimated tax withholding and cost 39,087. Here's the breakdown.
Total exercise cost: 39086.32
Estimated tax withholding: 0
Estimated commission: 0
Estimated SEC fees: 1.23
Estimated proceed disbursement fee: 0
\--------
Estimated net proceeds 20,589
Will I owe more tax on this or is the tax included in the 39k?
Any advice is appreciated. Hope this is the right place to post.
Thank you
Edit: They are ISO, as I've seen it asked a few times in replies.
Edit2: Thank you all for your insights, you made this alot easier to understand and action on