Coinspeaker
Ripple IPO: David Schwartz Makes Key Expose on His Stock Option

David Schwartz, the Chief Technology Officer (CTO) at Ripple Labs Inc has shared important details about his stock options amid IPO conversations. His opinion has sparked curiosity about Ripple’s plans for an Initial Public Offering (IPO).

David Schwartz Stock Option

Schwartz revealed that he is uncomfortable with the level of risk associated with his current stock holdings and hinted at potential future actions to manage this risk. He mentioned that he might sell some of his Ripple stock to purchase more, pointing to expiring options and important tax implications.

“Funny story: I actually may have to sell some more Ripple stock soon in order to buy more Ripple stock. I have some options to buy Ripple stock that I’ve had for so long, they’re close to expiring. But exercising them has a huge tax cost,” says Schwartz.

The CTO’s comments arose amid a heated discussion in the online community where enthusiasts asked him to clarify his position on Ripple vs XRP shares. The discussion focused on the intricacies of stock ownership, with crypto enthusiasts specu...