My recruiter said they give 15% discount on lower of the start date and end date. Start and end date are 24 month apart. I am seeing Aug 2016 price is around $60. So, I will be able to buy at $45 in Aug 2018, if I join now? Let's say I have invested 5000 in this 4 months. Then am I looking at approx 100 stocks with profit of around 20-22k for first 6 months? Profit = (245 - 45) * (5000 / 45) Recruiter also mentioned offering period is last 24 months of employment. So, if that's case then my calculation is wrong, because I wasn't employed there at Aug 2016. Any thoughts?
Right if you join now your subscription price will the the price on the next buy date, August 2018. And you can only enroll in the program at this point, so your first actual purchasing of shares will be Feb 2019 (here the subscription price will be lower of the August price and the Feb price).
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You never get back dated espp. It is only valid after joining. IRS rule
Then, its not lucrative for new comers, considering no annual bonus. I am skeptical about continued stock growth for NVDA.
Of course it's not gonna be lucrative for New comers. Will snap make me a millionaire if I make it now? 😂