Can I exercise ISOs and then gift the shares to immediate family?


I'm aware that Incentive Stock Options cannot be gifted (the options themselves), but after I exercise my options can I gift the shares that I've purchased? Or can I only gift shares if they were exercised as NSOs?

The stock option plan I'm on allows for gifting to family without offering the company right of first refusal. But I have read and been told by my accountant that you cannot gift ISOs, only NSOs, but it's not clear whether they were referring to the Options, or the resulting Shares after exercising the options.


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