Background: I am currently employed by a start-up that, so far, is doing really well. As part of my contract, I have stock options that will come available on a typical vesting schedule. A quarter of my options are set to vest later this year. Also, the company is not public yet, and it may be several years before it is public / I could sell my shares of the company.
My question is, is there any reason I should exercise them as soon as they vest? As far as I know they don't expire as long as I work at my company (if I leave for any reason, then I only have 3 months to exercise).
I don't foresee leaving any-time soon, and if I did, I would have 3 months to make a final decision.
Is there any disadvantage to just letting the option stay an option for a while?