&gt; If you want to do this with employee options, you have to set up early exercise rights. I think early exercise is done via 83(b) for employees, but I&#x27;m not 100% on that.<p>Yes, if you early exercise ISOs, you would want to file an 83(b) to pay the $0 ordinary income tax burden up front (and get long term capital gains later).  I&#x27;m not sure if you can file an 83(b) on an NSO.