This happened to me. Should I sue? Will I get fired for suing...
With the current Uber situation you will get laid off not sued
Per the article, there is a kind of class action which has started. You can join here: https://uberrsuclaims.gallo.law/?ml=722397567
If the share price had gone up employees would have come out ahead. It went down so they came out behind. This seems like a case where someone is going to complain either way.
This is the case with all RSUs. Nothing specific about Uber
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It will all settle on tax day. They are lucky to have sold them at the IPO price, Uber actually didn't fuck employees this time. Author misunderstood tax code
It’s correct what author stated in the article. Specifically, taxes will be payed based on $45 price. Actually, there is one correction. For 1.8M default fed tax withholdings will be at 40%, not 22% typical. The worst situation is when total value is 999999 and only 22% fed tax taken. What’s wrong with their explanation?
The author is not wrong (although I doubt Uber did this intentionally). This scenario does not all wash out at filing time. It's more than a withholding mismatch: RSUs are taxed as ordinary income at vestjng. Say the day you vested shares were worth $100k Imagine 2 days later, the stock drops 50%, so now only worth $50k. Then you sell. Regardless of withholding amount, you will owe ordinary marginal income tax rates on $100k. You will also get a $50k short term capital loss, but it won't lower your tax bill materially. Unless you have some short term capital gains to offset it, you can only deduct $3k per year in capital losses against W2 income. You will have a loss carryforward into future tax years. And even when you *do* have capital gains to use up your losses, you are only really recouping 15-20% cap gains tax rate federally (the ordinary income rate federally can be 35% for high TC). Theoretically, your RSUs could up end having negative value due to tax treatment if you vest-high-sell-verylow. I imagine it's extremely uncommon though.