> Bolt isn't public so there is no sale option
Private shares are actively traded. Bolt chose to restrict its employees from being able to sell.
Private shares are actively traded. Bolt chose to restrict its employees from being able to sell.
Assuming you're an employee with a relatively small number of shares (in terms of company control) - what's the point of shares if you can't sell them? Just _in case_ you can sell them later? Some type of dividend/profit sharing (which seems unlikely for a startup)?
This is why it is incredibly stupid that the IRS makes you pay taxes when you get them.