Adrian Dayton

Everyone was so happy that we set this goal and we achieved it together.

Yeah.

So the ESOP pool was, we had set aside about 15%, but we had only awarded about nine of the 15.

And we had two or three employees that they got the biggest check they'd ever seen in their life.

It wasn't life-changing, but it was a great outcome.

Yeah, I didn't really tell him about QSBS, but because I think it was- You're a lawyer.

No, I mean, only because as option holders, they don't get the advantages of QSBS.

So under QSBS, which like every company, every software company out there, if you're not a C-corp, change to a C-corp immediately because you have to hold for five years as a C-corp to get QSBS protection.

So best advice anyone ever gave me was to have a C-corp, not an LLC, so that I could get QSBS and not have to pay

Right.

And one of my employees, my first engineer, he left a few years before and he exercised his options.

When he left.

Right.

And so he had actual shares, but he didn't hold them for five years.

For five years.

Right, right, right.

So anyway.

So I didn't explain it to them because I don't think it wouldn't have made them any, I don't know, sadder or happier to know about it.

No, no, they couldn't.

I mean, the big challenge is just that the whole point of options is that you maximize for taxes, right?