EquityReadout — What Is This ISO/RSU/Phantom Grant Actually Worth?

A 4-round equity literacy simulation. You received a startup offer with €60,000 in equity. Decode the grant variables, model 4 probability-weighted exit scenarios with tax adjustments, build a rational counter-offer, and hold the math in a negotiation with a recruiter. Teaches: headline vs expected value, liquidation preferences, ISO/NSO/RSU/phantom tax treatment, Iberia/LATAM jurisdictional reality, and EV-based negotiation.