AMT + ISO Exercise Calculator
Open →Plan Magic ISO exercise around the AMT bargain element. Federal + state, AMT crossover, multi-year credit recovery.
Deep dive: Four AMT mistakes you can still fix before December 31 →Magic is pre-IPO. Plan your AMT and NSO exercise tax at any valuation: current 409A FMV, expected IPO price, or post-IPO scenarios.
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Plan Magic ISO exercise around the AMT bargain element. Federal + state, AMT crossover, multi-year credit recovery.
Deep dive: Four AMT mistakes you can still fix before December 31 →Left Magic with vested ISOs? Model the 90-day exercise-or-forfeit window: your deadline, AMT cost of exercising at once, and the share count that maximizes after-tax value.
Magic NSO exercise tax (federal, state, FICA) plus a sell-vs-hold comparison for long-term capital gains.
Deep dive: Six NSO mistakes your tax advisor probably won't mention →Don't work at Magic? Find another company.
Magic is a privately held AI company, incorporated in Delaware and headquartered in San Francisco, CA.
Last reported secondary-market price: $73.33 per share (as of 2026-06-06). Your own 409A may differ.
Long-context coding models.
Equity grants at Magic typically include incentive stock options (ISOs) and non-qualified stock options (NSOs).
Eric Steinberger and Sebastian De Ro founded Magic in 2022 with the goal of building an AI software engineer, not just a coding assistant. The company's technical focus is extreme context length: its LTM-2-mini model handles 100 million tokens, enough to process a large codebase in a single pass. Magic raised $117 million in an initial round, then secured $320 million in August 2024 from Eric Schmidt, Sequoia, Jane Street, and Atlassian at a reported $1.5 billion valuation, bringing total funding to approximately $465 million.
Sources: techcrunch.com · sequoiacap.com
OptionsAhoy is an independent tool and is not affiliated with, endorsed by, or sponsored by Magic.
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OptionsAhoy plans your Magic equity alongside hedging, vesting, and de-concentration, across bullish, neutral, and bearish market scenarios. Free during beta.