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The Collective Exchange Loan - detailed calculation breakdown

I have

  • Number of options

  • Option exercise price per share

  • Current value per share today

  • Current 409a valuation

    If you’re not sure, leave this field blank

See the assumption used for these calculations below

1. Exchange your options for a limited partnership interest in the Collective Liquidity Exchange Fund of equal value

  • Number of shares exchanged

    -

  • Value of exchanged shares

    $ -

  • Value of Exchange Fund LP interest issued to exchanger

    $ -

  • Taxes

    $ -

  • Brokerage Commissions

    $ -

  • Exchanged for exchange fund capital interest in the value of

    $ -

2. Receive Non-Recourse Exchange Loan Today

  • Receive Exchange Loan secured only by you LP interest

    $ -

  • Less loan origination fee

    $ -

  • Less options exercise price

    $ -

  • Less estimated tax on disqualifying disposition of ISO

    $ -

  • Net after-tax cash received

    $ -

3. Receive a Distribution from the Exchange Fund to Payoff Loan - Keep Whatever's Leftover

  • Value of Exchange Fund LP Interest after 7 years

    $ -

  • Less Exchange Loan repayment (no payments due until maturity)

    $ -

  • Less taxes owed due to LP interest redemption to payoff loan

    $ -

  • Value of tax-deferred distribution from Exchange Fund

    $ -

  • TOTAL POTENTIAL PROCEEDS

    $ -

The above calculations are based on the following assumptions:

(i) Federal and state tax rate for capital gains is , (ii) holding period for Exchange Fund limited partnership interest is years, (iii) at end of holding period, the limited partnership interest is redeemed to repay loan and taxes arising from the redemption, (iv) the remaining limited partnership interest is then distributed in the form of Exchange Fund portfolio securities, (v) the average gross return on the Exchange Fund annually is , and (vi) the Exchange Fund charges an annual management fee of and a performance allocation of .

See the assumption used for these calculations below

1. Exchange your options for a limited partnership interest in the Collective Liquidity Exchange Fund of equal value

  • Number of shares exchanged

    -

  • Value of exchanged shares

    $ -

  • Value of Exchange Fund LP interest issued to exchanger

    $ -

  • Taxes

    $ -

  • Brokerage Commissions

    $ -

  • Exchanged for exchange fund capital interest in the value of

    $ -

2. Receive Non-Recourse Exchange Loan Today

  • Receive Exchange Loan secured only by you LP interest

    $ -

  • Less loan origination fee

    $ -

  • Less options exercise price

    $ -

  • Less estimated tax on disqualifying disposition of ISO

    $ -

  • Net after-tax cash received

    $ -

3. Receive a Distribution from the Exchange Fund to Payoff Loan - Keep Whatever's Leftover

  • Value of Exchange Fund LP Interest after 7 years

    $ -

  • Less Exchange Loan repayment (no payments due until maturity)

    $ -

  • Less taxes owed due to LP interest redemption to payoff loan

    $ -

  • Value of tax-deferred distribution from Exchange Fund

    $ -

  • TOTAL POTENTIAL PROCEEDS

    $ -

The above calculations are based on the following assumptions:

(i) Federal and state tax rate for capital gains is , (ii) holding period for Exchange Fund limited partnership interest is years, (iii) at end of holding period, the limited partnership interest is redeemed to repay loan and taxes arising from the redemption, (iv) the remaining limited partnership interest is then distributed in the form of Exchange Fund portfolio securities, (v) the average gross return on the Exchange Fund annually is , and (vi) the Exchange Fund charges an annual management fee of and a performance allocation of .