Blog
Notes on equity compliance for small US public companies.
2026-08-26
The 83(b) deadline is 30 days. The hard part is knowing which 30th day.
Thirty days from transfer, no extensions, no cure. Section 7503 moves the date when it lands on a weekend or a legal holiday — and 'legal holiday' means a District of Columbia holiday, which includes April 16.
2026-08-25
Four business days: the 8-K rule that is longer than it looks, and shorter
General Instruction B.1 says four business days after the event. The sentence after that one decides half your deadlines — and unlike a 10-K, there is no late-filing notification for Form 8-K.
2026-08-24
Form 4 is due in two business days. Here is what that actually means.
The Section 16 filing deadlines in plain language: Form 3 in 10 days, Form 4 in two business days, Form 5 within 45 days of fiscal year end — and how the clock really runs.
2026-08-24
Delaware franchise tax: why the bill says $85,000 and the truth says $400
Delaware computes your franchise tax two ways and bills you the bigger one by default. The Assumed Par Value Capital method usually cuts it by orders of magnitude — here is the exact math.
2026-08-24
ASC 718 in plain language: what stock comp really costs your P&L
How stock-based compensation expense actually works under FASB ASC Topic 718 — grant-date fair value, service periods, and the choices small public companies get to make.
2026-08-24
The 83(b) election: 30 days, no extensions, no second chances
What a Section 83(b) election does, why the 30-day deadline is absolute, and how the IRS's standardized Form 15620 changed the mechanics.