Thanks for your reply.
Just to give some more information so that you can advise me better:
1. I was once an employee of Flipkart when I was working back in India.
2. I received around 40 vested ESOPs of Flipkart during that time.
3. I never sold or do anything with them when I moved to US.
4. Then the split of Flipkart happened, which directly gave me some money to my bank account in India. (around 2.5K)
Few questions:
1. Why does the split of the company giving any money to the existing ESOP holders?
2. My understanding is I own 40 ESOPs and it is not tied to leaving the company or retirement. Is that correct?
3. Given it all happened in India, I didn't receive any form.
4. Based on all this information, does that seem like ordinary income?
5. If I end up selling these ESOPs in future, I guess once in a while, company offers to buyback. Will it be considered as capital gains or ordinary income?
Sorry for the naive questions. I never really understood the concept of ESOP and how my previous employer Flipkart did that. Thanks for offering your help. Appreciate it.
