InstacartSandWedge

Stock price that will make me an Instacart millionaire

I have 15,000 RSUs. I chose 37% of my shares withheld for federal taxes. What price does the share have to rise to in order for me to become a millionaire? Is this ChatGPT math right? ๐Ÿ‘€๐Ÿ‘€ To find out the price per share at which you will become a millionaire, first, we need to find how many shares you have left after 37% were withheld for taxes. Calculate the number of shares withheld: 15000 shares ร— 0.37 = 5550 shares (withheld) So, you have 9450 shares remaining: 15000 shares - 5550 shares (withheld) = 9450 shares (remaining) To find out at what price per share your holding will equal 1 million dollars, use the following formula: Total value = number of shares ร— price per share To find the price per share: price per share = total value / number of shares Substitute the value of 1 million dollars (or 1,000,000) for the total value and 9450 for the number of shares: price per share = 1,000,000 / 9450 โ‰ˆ 105.82 USD/share So, in order for you to become a millionaire, the price per share would need to rise to approximately 105.82 USD.

Robinhood vJLY04 Sep 19, 2023

You also need to pay captain gains on the price you sell - IPO price

Intel ni4040 Sep 20, 2023

do ipo shares sold after lock up period count as short or long term ? and if share is < ipo price, can the entire amount be harvested against income or only 3000 ?

Roku rnfkdlr Sep 19, 2023

Whatโ€™s the strike price?

Instacart SandWedge OP Sep 19, 2023

I only have RSU, no optionsโ€ฆ409A was $20.11 when I got them

Nutanix 1yoe160k Sep 19, 2023

So you have a 50% profit assuming it goes to IPO at $30 and holds there.

Cruise fnuj57 Sep 19, 2023

$100 ๐Ÿ˜‚๐Ÿ˜‚ reminds me when $UBER IPOd and people thought it would go to $100 and be rich... And IPO was the high for years.... $CART gonna be the same thing. Already down -$6 from open poo

Uber djrkfjekrm Sep 19, 2023

Oh yea that may 2019 morning we were all jumping about price to touch ath.. it was fun to see ppls dreaming drowning

Lyft lqTW82 Sep 20, 2023

Lyft IPO walked๐Ÿšถโ€โ™‚๏ธ in.

Block uClb45 Sep 19, 2023

Is there a lockout period for insiders?

Instacart SandWedge OP Sep 19, 2023

Yes, 6 month lockout

Yelp hmtydmty Sep 19, 2023

If price above $36 can sell 35% in Nov.

DoorDash DD Builder Sep 19, 2023

$CART is gonna be at 15 by the time you get to sell

New
๐Ÿ›‹๏ธstack Sep 19, 2023

Think it can get there in a good economy. Just hodl

Microsoft Dan P. Sep 19, 2023

Not going to get there. Sorry fam.

Amazon hPgW68 Sep 19, 2023

Sell now and put in index fund. You wonโ€™t get a better deal than this.

Attentive tristate69 Sep 19, 2023

Lockout periods to prevent this

Amazon hPgW68 Sep 19, 2023

Quit and sell ๐Ÿ˜‚

Attentive tristate69 Sep 19, 2023

Hoping it happens for you. Good luck!

Instacart meltyface๐Ÿซ  Sep 19, 2023

You are missing state taxes, Medicare, Ssa and all that.