Dear @pk ,
Thank you.
(a) Looking forward to your PM.
(b) I appreciate the IRS link. Based on the video, my incentive does not appear to be RSUs, but I’m unsure whether it qualifies as an ISO or NQSO.
I was awarded equity in the company for services performed from October 2017 to mid-August 2018. After that, I moved to the U.S. and no longer worked for the Singaporean company. This incentive was a warrant/promise allowing me to purchase shares at a discounted price after the vesting period. The equity vested over three years, making me eligible to exercise the warrant (i.e., pay to acquire the shares) in 2021. However, I have not yet taken possession of the shares.
The company has informed me that I can purchase the awarded shares by paying a nominal total of $1.00. My plan is to hold the shares for a year to benefit from long-term capital gains tax before selling and transferring the proceeds to my U.S. bank account.
Would this be classified as an ISO or NQSO?
Regards
RD
