Where Modern Treasury sits today
Modern Treasury is a series-c Fintech company headquartered in CA. No confirmed active secondary market; liquidity typically waits for an IPO or acquisition.
What New Jersey residency changes
New Jersey taxes RSU ordinary income, NSO exercise spread, and ESPP discount income at up to 10.75%. For a Modern Treasury employee sitting on a large vested-but-not-settled equity position, the liquidity-event year stacks state tax on top of the federal 37% bracket, producing a combined marginal of approximately 47.8%.
QSBS and New Jersey
New Jersey's QSBS conformity varies by year. Verify current-year treatment before a sale; most states other than CA, NJ, PA, and MS conform either fully or partially.
Moves to make before the liquidity event
Adopt a 10b5-1 plan during the last open window before Modern Treasury's S-1 (90-day cooling-off for non-officers, 120 days for officers/directors). Model federal AMT before any ISO exercise. Maximize after-tax 401(k) contributions in the months before IPO, while your ordinary income is still at the pre-IPO baseline. If you're considering a move out of New Jersey, time it well before vesting events to minimize trailing-nexus exposure.
Related guides
- Modern Treasury equity overview
- Modern Treasury · Secondary-market sales
- Modern Treasury · Tender offer guide
- Modern Treasury · 10b5-1 plan preparation
- Modern Treasury · Pre-IPO tax planning
- Modern Treasury · QSBS eligibility
- New Jersey ISO AMT overview
- New Jersey QSBS treatment
- Moving involving New Jersey