Your offer letter left out six numbers. Here are all of them.
Enter what the letter says. Grantwise fills the rest — dilution, liquidation preference, exercise cost, AMT, and tax — across four exit outcomes from acqui-hire to great IPO.
Educational estimate only. Grantwise is not tax, legal, investment, or compensation advice.
Best case
$5.8M
Solid exit
$255.1K
AMT exposure
$10.5K
Offer model
Grant inputs and outcomes
Printable report export is available in this MVP.
Share links can contain encoded offer assumptions. Treat them as sensitive if the inputs are sensitive.
Grantwise Score
80/ 100
strong
This offer has a healthy balance of upside and risk.
Confidence
Confidence: High
100% complete
Core ownership, strike, dilution, preference, tax, and exercise inputs are present.
Exercise burden9/15
Salary context missing
Salary tradeoff6/10
Cash tradeoff unknown
Preference risk14/20
Preference risk contained
Dilution risk11/15
Dilution looks manageable
Upside quality25/25
Meaningful upside
Downside protection15/15
Some downside value
Visible assumptions
0 future rounds25.0% dilutionUS tax35% effective rate28% AMT estimate$15M preference90 mo exerciseBase caseISO0.4% direct ownership
Common downside
Acqui-hire
$25M
$11,375
Estimated net after exercise cost and tax
Diluted ownership
0.300%
Gross value
$30,000
Exercise cost
$12,500
Estimated tax
$6,125
Preference overhang
$15,000,000
AMT exposure
$10,500
At this acqui-hire outcome, your 0.300% diluted stake nets $11,375 after tax and exercise cost, or $1 per option.
The company sells mostly for the team. Your grant may have value, but preference stacks and low proceeds can make the net outcome modest.
Solid exit
Acquisition
$150M
$255,125
Estimated net after exercise cost and tax
Diluted ownership
0.300%
Gross value
$405,000
Exercise cost
$12,500
Estimated tax
$137,375
Preference overhang
$15,000,000
AMT exposure
$10,500
At this acquisition outcome, your 0.300% diluted stake nets $255,125 after tax and exercise cost, or $26 per option.
A meaningful sale creates room for common shareholders, but dilution, strike cost, and tax still remove a large part of the headline value.
Good public outcome
Modest IPO
$800M
$1,551,875
Estimated net after exercise cost and tax
Diluted ownership
0.300%
Gross value
$2,400,000
Exercise cost
$12,500
Estimated tax
$835,625
AMT exposure
$10,500
At this modest ipo outcome, your 0.300% diluted stake nets $1,551,875 after tax and exercise cost, or $155 per option.
A strong but not legendary IPO can turn options into material wealth if your ownership survives dilution and the strike price is low enough.
Best case
Great IPO
$3B
$5,841,875
Estimated net after exercise cost and tax
Diluted ownership
0.300%
Gross value
$9,000,000
Exercise cost
$12,500
Estimated tax
$3,145,625
AMT exposure
$10,500
At this great ipo outcome, your 0.300% diluted stake nets $5,841,875 after tax and exercise cost, or $584 per option.
This is the optimistic path where the company compounds into a major public business. Treat it as upside, not the expected case.
These are illustrative estimates only. Real outcomes depend on cap table terms, dilution, preference structure, taxes, and factors not modeled here. Not financial, tax, legal, or investment advice.
One question
What prompted you to check your equity today?
Outcome chart
Net result by scenario
Screenshot-friendly
Acqui-hire$11,375
Acquisition$255,125
Modest IPO$1,551,875
Great IPO$5,841,875
Equity waterfall
How exit value becomes employee net value
Acquisition
How exit value turns into estimated employee net value after preference, exercise cost, and taxes.
Exit value$150M
Less preferred liquidation preference-$15M
Common value pool$135M
Employee gross option value$405K
Less exercise cost-$12.5K
Less estimated tax and AMT-$147.9K
Employee net outcome$255.1K
Sensitivity analysis
What changes this outcome most?
Exit valuation
very high
The modeled net value changes substantially across exit scenarios.
If the company exits below investor expectations, common shares may receive much less than the IPO case suggests.
Future dilution
high
Cumulative dilution is modeled at 25.0%, reducing your ownership before exit.
More financing can grow the company while still reducing your slice of it.
Preference stack
high
In smaller exits, preferred shareholders may absorb proceeds before common shareholders receive value.
A company can be acquired and still leave employee common shares with little value.
Tax rate
medium
The effective tax assumption is 35%, which directly reduces taxable gain.
Questions
Questions to ask before you sign
importantcompany
Can I see the latest 409A valuation, fully diluted share count, and option plan terms?
These documents help verify the core assumptions behind the offer.
infonegotiation
How does the cash compensation compare with market salary?
Equity should be evaluated together with salary, not in isolation.
Negotiation prompts
What would make this offer better?
Understand the preference stack
high
Investor preferences can reduce common shareholder proceeds in smaller exits.
Ask for the total liquidation preference outstanding and whether any preferences are participating.
Future add-on
Compare two offers
V1 keeps the model focused on one grant. The interface is ready for a side-by-side comparison flow when the second-offer model is added.
Keep a summary
Copy an email-ready result summary.
Four scenarios
No single fantasy number.
Dilution included
Your percentage rarely stays fixed.
Tax-aware
Simple rates, user override.
No account
Calculate without handing over data.
Report contents
Everything needed to challenge the headline number.
The printable report includes your inputs, dilution assumption, selected tax rate, scenario table, and a clear disclaimer. It is meant for discussion, not as advice.