Jeze3D 64bitReddit wants to raise $748M with IPO, sets value at $6.4B
So only three years of Steve Huffman’s salary?
It’s in the form of stock options, which won’t be worth any particularly noteworthy amount unless the IPO goes really well.
If it has a dollar valuation, if it’s taxable, it can be liquidated.
Are you talking about writing them off?
Options come with the obligation to pay for the underlying asset, so unless they are valued above the strike price, they are effectively worse than worthless.
Is it just options specifically, or grants, or …?
Would the reported compensation be at the strike price, or the current valuation, or the difference?
Face value is unlikely to be the amount reported - I doubt the options are granted below the last reported market rate. Hence it’s probably relative to the amount of underlying stock the options represent.
You’d have to check the SEC-filings for more accuracy than that.