He's in the US so my understanding is that he pays tax on the gain on the shares he sold so he keeps say $600k out of the $950k from selling the shares. He pays $375 to convert, and he pays tax on the gain on the options based on the share price on the day he exercised the options - that gain was over $600k so that's probably $200k tax.
That leaves him about square on a cash basis for this tax year but with more shares - I'd say it looks like good planning for someone who thinks there's good gains ahead.
I'm waiting for IMEC meeting news
He's in the US so my understanding is that he pays tax on...
Add 4DS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
7.9¢ |
Change
-0.002(2.47%) |
Mkt cap ! $139.3M | |||
| Open | High | Low | Value | Volume |
| 8.0¢ | 8.0¢ | 7.9¢ | $122.7K | 1.549M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 75840 | 7.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.0¢ | 6410 | 1 |
View Market Depth
| Last trade - 15.57pm 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
8.0¢ |
Change
-0.002 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 7.9¢ | 8.0¢ | 7.8¢ | 1110385 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| 4DS (ASX) Chart |