On: Uber's Losses Reach Double Digits in IPO Debut

[bpicolo]

> withheld shares according to the supplemental wage withholding rules (22%) at the federal level

Is the difference refunded through tax returns?

[woodrow → bpicolo]

Yes, though most Uber employees (and tech company employees in the SF Bay Area in general) are going to be above the 22% bracket, and thus will owe more tax instead of being owed a refund. This is especially likely if the employee is mostly vested and thus settling a large block of RSUs all at once.