Can I sell my ESOP stock in a privately held company?

June 4, 2003

Subject:   ESOP stocks for cash
Date:   Fri, 2 May 2003
From:   Anonymous

I am currently employed by a privately held company. I am 100% vested in my ESOP plan and have about $50,000 in my account. Is there any way I can sell within our outside the company for cash? Thank you.


Date:   30 May 2003


You might be able to. I don’t have enough details to answer your question.

I suggest that you discuss this with the person responsible for administering the plan at your company. ESOPs for privately-held companies usually have a buy-sell agreement attached to them where the company buys the employee’s shares.

Good luck!

Mike Gray

For more answers to our readers’ questions and to learn about new tax developments relating to employee stock options, subscribe to our newsletter, Michael Gray, CPA’s Option Alert!

Comments are closed.