V VestedGrant
Tool

NSO exercise calculator

Cash outlay and same-day-sale net for a Non-Qualified Stock Option exercise.

Calculator

NSO exercise calculator

NSO spread is taxed as ordinary wages at exercise. Model the cash you need to exercise, and what's left if you sell same-day.

Spread
$120,000
Exercise cost
$20,000
Total tax
$56,520
Cash needed
$76,520
Exercise + tax (if hold)

Same-day sale net (cashless): $63,480

How to read the result

NSO spread is ordinary wage income at exercise, taxed at your marginal rate and subject to Medicare tax. Unlike ISOs, there is no AMT issue, but also no qualifying disposition path to long-term gains on the spread.

This tool is educational. It uses 2025 single-filer federal brackets, a simplified state-tax model, and does not substitute for a CPA review of your specific facts. For a second set of eyes on a meaningful event, match with a fiduciary advisor who routinely works with equity compensation.

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Pre-IPO equity tax checklist

Plan your next vesting event with confidence

Free PDF checklist. Quarterly tax-planning cadence for RSU holders, AMT tripwires for ISO exercises, and the 10b5-1 calendar our reviewers send clients.