I think that is a pecularity of the US tax system, where Ting is based, the price at exercise becomes their cost base and tax is paid on the difference as if a capital gain event has occurred.
In Australia the exercise price is the cost base and the capital gain is only taxed when the asset is sold. At least that is my understanding of why options holders in the US will immediately sell a portion of their exercised shares to cover taxes.
I'm not sure which system is better because it incentivises conpletely different behaviour from options holders.
I think that is a pecularity of the US tax system, where Ting is...
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Last
8.7¢ |
Change
0.005(6.10%) |
Mkt cap ! $153.4M | |||
| Open | High | Low | Value | Volume |
| 8.2¢ | 8.7¢ | 8.2¢ | $141.9K | 1.709M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5230 | 8.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.7¢ | 117640 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
8.5¢ |
Change
0.005 ( 3.66 %) |
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| Open | High | Low | Volume | ||
| 8.2¢ | 8.5¢ | 8.2¢ | 619854 | ||
| Last updated 15.20pm 03/05/2024 ? | |||||
| 4DS (ASX) Chart |