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You should talk to a CPA [edit: sorry, Canada - CGA], not an attorney, first.

You are upset about something that might not be an issue. You haven't mentioned what type of stock options you have (in the US there are ISO and NQSO, and - upon a quick check - it appears there are different types in Canada as well, with differing tax treatment). Omitting that detail in addition to the ... unusual way in which you exercised them makes me think you may have more of an academic familiarity with the process.

It would have been nice if the founders told you about the investment, but your reaction is completely out of proportion with what happened. Lawyering up [edit: distinct from a consultation] will be the equivalent of ending your career track with them and burning your bridges entirely.

And really, if the market value of your options has increased, consider the positive side of that news if you own 3%.




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