Effectively, yes. If an employee has 10,000 options with a $1 strike that means they can purchase 10,000 shares for $1 each. Since the shares are worth $9 the employee can then sell those shares immediately for an $8 profit, or $80,000.<p>As far as how many shares Square has, it&#x27;s much more than 300k. That&#x27;s just what they&#x27;re offering to the public. That percentage is listed in their S1 filing somewhere<p>How many shares they started with. Who knows. Doesn&#x27;t really matter.