Plan your Anduril Industries ISO exercise
Calculator · free · no signup · pre-IPOAnduril Industries is pre-IPO. Plan your AMT impact at any valuation: current 409A, expected IPO price, or post-IPO scenarios.
Beta · invite-only · AlphaLatitude Inc. · Free Tools
Your grant
Seeded from secondary-market data, as of Jun 16, 2026
Tax inputs
Grant timeline
Net final value at year 3 sale — optimized plan
$439,180
After-tax dollars at end of year 3, net of all federal + state taxes through the sale.
This year: exercise 1,016 shares (of 10,000 total).
= gross gain at sale − federal + state LTCG − AMT premium above baseline regular tax (time-valued)
AMT premium for exercising: $384,878 (on top of $228,434 regular tax across the horizon)
Optimized plan keeps $40,553 more than lump-sum, $57,281 more than even split.
Federal AMT crossover this year: 489 shares ($57,238 bargain element). Above that, each additional share this year adds federal AMT.
Estimates only. Not financial advice.
Net final value by year
Running tally: NTV from shares exercised through year y, minus AMT premium paid through year y. The last year matches the plan's headline NTV. Hover a year for plan totals.
Optimized exercise schedule
You pay the higher of Regular tax and Tentative AMT per jurisdiction, then subtract Credit recovered. The result is Net tax. Hover any number for the bracket-by-bracket breakdown.
| 1 | 1,016 | |||
| 2 | 989 | |||
| 3 | 7,995 |
Federal AMT credit
Earned
$318,057
Recovered
$0
Remaining
$318,057
The AMT credit only recovers in years where regular tax exceeds AMT — typically a year with no ISO exercise. Every year in this schedule has bargain element, so AMT exceeds regular tax in every year and the credit carries forward untouched. Try a longer horizon or fewer total shares to introduce a recovery year.
Plan comparison
Net value at the end of your hold horizon.
Lump-sum
All in Year 1
$398,627
−$40,553
Even split
Equal shares each year
$381,899
−$57,281
Optimized
Tax-aware schedule
$439,180
Highest
Estimates only. Excludes disqualifying dispositions, NSOs, multi-state moves, and AMT preferences other than ISO bargain elements. Long-term capital gains tax assumes a qualifying disposition (ISO held ≥1 yr from exercise and ≥2 yr from grant); state LTCG follows ordinary brackets except where the state grants preferential treatment (HI, ND, SC, WI, AR, NM) or has a dedicated LTCG-only tax (WA). Assumes you are within the $100K ISO limit (any portion of an annual ISO grant whose FMV at grant exceeds $100K is treated as NSO from the start, §422(d)). State AMT figures are 2025 (next-year values published in late 2026). Not financial advice.
QSBS note. If your shares qualify (typically pre-IPO C-corp grants held 5+ years), a federal rule lets you exclude up to $10M of gain on a future sale from federal tax. That single rule shifts exercise-timing math more than AMT does. (This is §1202 “qualified small-business stock”.) Modeled in beta, not here.
You optimized one grant in isolation. The beta optimizes ISOs alongside your RSUs, NSOs, and stock in one plan.
Request beta access →About Anduril Industries
Anduril Industries is a privately held Aerospace/Defense company, incorporated in Delaware and headquartered in Costa Mesa, CA.
Last reported secondary-market price: $121.97 per share (as of 2026-06-16). Your own 409A may differ.
$30.5B; defense tech.
Equity grants at Anduril Industries typically include incentive stock options (ISOs) and non-qualified stock options (NSOs).
Anduril Industries, Inc. is an American military technology company specializing in the development of advanced autonomous systems. The company was founded in 2017 by Palmer Luckey, Trae Stephens, Matt Grim, Joe Chen, and Brian Schimpf. Anduril sells systems to the U.S. Department of Defense that incorporates artificial intelligence and robotics. Anduril's major products include unmanned aerial systems (UAS) and counter-UAS (CUAS), semi-portable autonomous surveillance systems, and networked command and control software. It is privately owned, and as of May 2026, the company has a valuation of $61 billion.
Source: Wikipedia (CC BY-SA 4.0)
Founded in 2017 by Palmer Luckey (Oculus founder) alongside Trae Stephens, Matt Grimm, Brian Schimpf, and Joe Chen, Anduril Industries builds autonomous defense systems anchored by its Lattice AI command platform. The Costa Mesa company ships Ghost surveillance drones, Anvil and Roadrunner counter-UAS interceptors, Bolt loitering munitions, Dive-LD underwater vehicles, Fury autonomous fighters, Barracuda cruise missiles, and Pulsar electronic warfare pods. A $14B Series G in March 2025 pushed valuation past $30.5B, and Anduril took over Microsoft's IVAS soldier headset program that year while pursuing major DoD contracts and a probable IPO.
Sources: en.wikipedia.org · anduril.com
Equity comp at Anduril Industries
- Defense contractor: most roles require US citizenship and security clearance, which gates equity grant eligibility for foreign nationals due to ITAR restrictions on USML technical-data access. Standard 4-year vest; 22% supplemental withholding can create a large April tax bill versus the ~48-52% California marginal rate when a liquidity trigger fires.
- Recent share-sale events (industry term: tender offers):
- Jan 2025: $14B implied valuation, led by Anduril (company-sponsored employee tender) · theinformation.com
- Jun 2025: $30.5B implied valuation, led by Thrive Capital (Series G secondary) · techcrunch.com
Sources: augustuswealth.com · joinprospect.com
Researched 2026-05-11.
OptionsAhoy is an independent tool and is not affiliated with, endorsed by, or sponsored by Anduril Industries.
The calculator works at any Anduril Industries valuation: enter your strike, the current 409A FMV, an expected IPO price, or anywhere in between. AMT is triggered on the bargain element (FMV minus strike) when you exercise; the calculator models federal AMT, state AMT, and the multi-year credit-recovery path.
Example: at Anduril Industries's last reported price of $121.97, exercising 5,000 ISOs with a $36.59 strike creates a $426,900 bargain element. Above the 2026 federal AMT exemption ($88,100 single, $137,000 married joint), the 28% AMT rate adds roughly $119,532 on top of regular tax before any state AMT (CA, CO, CT, MN). The credit recovers in later years when your regular tax exceeds AMT. The calculator above runs your exact figures.
All Anduril Industries tools → · Use the generic AMT + ISO Exercise Calculator for any company.
Anduril Industries equity questions
- How much alternative minimum tax (AMT) will I owe exercising Anduril Industries ISOs?
- Exercising incentive stock options (ISOs) does not create regular income tax, but the bargain element (the fair market value at exercise minus your strike price) counts toward the alternative minimum tax (AMT). The amount depends on the bargain element, your other income, your filing status, and your state. The calculator above models federal and state AMT, the AMT crossover point, and how the credit recovers in later years for your exact Anduril Industries figures.
- Does Anduril Industries grant ISOs, NSOs, or RSUs?
- Equity compensation at Anduril Industries typically takes the form of incentive stock options (ISOs) and non-qualified stock options (NSOs). Incentive stock options can trigger the alternative minimum tax (AMT) when you exercise.
- Are Anduril Industries shares eligible for QSBS?
- They might be. Qualified small business stock (QSBS) under Internal Revenue Code Section 1202 can exclude federal tax on much of the gain when shares were acquired at original issuance from a C-corporation while its gross assets were under $50 million, and held at least five years. Whether your Anduril Industries shares qualify turns on when you acquired them and the company's asset size at that time.
One piece of the puzzle.
OptionsAhoy plans your Anduril Industries equity alongside hedging, vesting, and de-concentration, across bullish, neutral, and bearish market scenarios. Free during beta.