Plan your Perplexity ISO exercise
Calculator · free · no signup · pre-IPOPerplexity 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
$287,048
After-tax dollars at end of year 3, net of all federal + state taxes through the sale.
This year: exercise 2,001 shares (of 10,000 total).
= gross gain at sale − federal + state LTCG − AMT premium above baseline regular tax (time-valued)
AMT premium for exercising: $146,972 (on top of $228,434 regular tax across the horizon)
Optimized plan keeps $56,169 more than lump-sum, $994 more than even split.
Federal AMT crossover this year: 953 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 | 2,001 | |||
| 2 | 4,054 | |||
| 3 | 3,945 |
Federal AMT credit
Earned
$123,895
Recovered
$0
Remaining
$123,895
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
$230,879
−$56,169
Even split
Equal shares each year
$286,054
−$994
Optimized
Tax-aware schedule
$287,048
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 Perplexity
Perplexity is a privately held AI company, incorporated in Delaware and headquartered in San Francisco, CA.
Last reported secondary-market price: $65 per share (as of 2026-06-16). Your own 409A may differ.
$20B; AI search.
Equity grants at Perplexity typically include incentive stock options (ISOs) and non-qualified stock options (NSOs).
Perplexity AI, Inc., or simply Perplexity, is an American privately held software company offering a web search engine that processes user queries and synthesizes responses. Perplexity products use large language models and incorporate real-time web search capabilities, providing responses based on current Internet content, citing sources used. Its real-time search engine is called Sonar and is based on Meta's Llama model. A free public version is available, while a paid Pro subscription offers access to more advanced language models and additional features.
Source: Wikipedia (CC BY-SA 4.0)
Founded in 2022 by Aravind Srinivas (ex-OpenAI), Denis Yarats, Johnny Ho, and Andy Konwinski, Perplexity runs an AI answer engine out of San Francisco, blending conversational search with Pro Search, Pages, and Spaces. The Comet AI browser debuted on desktop in July 2025, reached Android in November, and rolled out to iPhone on March 11, 2026, with OEM preload talks signaling a default-browser play. Valuation climbed from $14B in March 2025 to $20B in September, and reportedly $22.6B by January 2026. Apple ultimately chose Gemini over a Perplexity acquisition.
Sources: techcrunch.com · bloomberg.com · en.wikipedia.org
OptionsAhoy is an independent tool and is not affiliated with, endorsed by, or sponsored by Perplexity.
The calculator works at any Perplexity 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 Perplexity's last reported price of $65, exercising 5,000 ISOs with a $19.5 strike creates a $227,500 bargain element. Above the 2026 federal AMT exemption ($88,100 single, $137,000 married joint), the 28% AMT rate adds roughly $63,700 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 Perplexity tools → · Use the generic AMT + ISO Exercise Calculator for any company.
Perplexity equity questions
- How much alternative minimum tax (AMT) will I owe exercising Perplexity 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 Perplexity figures.
- Does Perplexity grant ISOs, NSOs, or RSUs?
- Equity compensation at Perplexity 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 Perplexity 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 Perplexity 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 Perplexity equity alongside hedging, vesting, and de-concentration, across bullish, neutral, and bearish market scenarios. Free during beta.