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Carta Admin

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Adjust Taxes for Exercise

Posted By Carta Admin 01-19-2023 12:20
Found In Egroup: Carta Collective \ view thread
An employee exercised 54 options last week. I mistakenly added tax withholdings to the exercise when I should not have as there was no exercise gain. Can you please tell me how I can adjust the taxes back to zero? I tried following the directions from the support portal, but I can not make any modifications ...

Delete Pending Exercise

Posted By Carta Admin 01-19-2023 12:18
Found In Egroup: Carta Collective \ view thread
We have an ex-employee who was planning on exercising option grants and started the process but never completed it. These grants have been in pending status for several months. Please can we delete them? ------------------------------ Carta Admin ------------------------------

Cancelation Notifications

Posted By Carta Admin 01-19-2023 12:16
Found In Egroup: Carta Collective \ view thread
When we modify or cancel a share certificate, do notices to shareholders go out immediately, or at some pre-set time? For our client, we are going to cancel a share conversion to do some cap table cleanup, then re-do the conversion. I canceled the post-conversion certificates. I jumped the gun ...

Reverse Option Exercise

Posted By Carta Admin 01-19-2023 12:15
Found In Egroup: Carta Collective \ view thread
The company's legal team has requested that we reverse exercise # ES-3866 for 12,500 at his request. We will process the refund for the exercise price. If you have any questions or need further details please don't hesitate to let me know. ------------------------------ Carta Admin ------------ ...

Change ISOs to NSOs

Posted By Carta Admin 01-19-2023 12:14
Found In Egroup: Carta Collective \ view thread
I am needing to change some options that were incorrectly placed into Carta as ISOs when they should have been NSOs. They have not been exercised as of yet. The award is ES-68. ------------------------------ Carta Admin ------------------------------

Payment Sent to Company Account

Posted By Carta Admin 01-19-2023 12:13
Found In Egroup: Carta Collective \ view thread
Can you please reverse the following exercise pertaining to employee ES-8112 for 1686 options? I see that he submitted the exercise payment to the company's bank account instead of sending it through Carta. I will need to process the exercise manually in order to apply the received payment. Thank ...

Not Seeing My Shares

Posted By Carta Admin 01-19-2023 12:12
Found In Egroup: Carta Collective \ view thread
Good morning, It's been quite a while since I've logged in to view anything related to my company investment, but when I looked this morning I noticed the note has been canceled. Was there a material event (purchase, new investment round, bankruptcy) or are these notes potentially being reissued ...

How to Change Share Issuance Structure

Posted By Carta Admin 01-19-2023 12:10
Found In Egroup: Carta Collective \ view thread
Hi, We recently hired a new lawyer to handle all of our share issuances. They have told us the previous way of issuing shares (One certificate for each purchase event per stakeholder) is in fact not accurate in Panama (where we operate) and that after any additional shares have been issued to the ...

Rescind Stock Option Award

Posted By Carta Admin 01-19-2023 12:07
Found In Egroup: Carta Collective \ view thread
We issued a stock option award on 9/1/2022 that we would like to rescind. The person is not going to continue in the role which was connected to that award. He is going to continue as an Advisor so we want his other options to continue to vest. How can I go about that? ------------------------------ ...

Reverse Option Exercise

Posted By Carta Admin 01-19-2023 12:05
Found In Egroup: Carta Collective \ view thread
Option holder ES-10 requested to exercise 50,000 of his options and purchase shares (ESOP-3) - he then changed his mind once he understood the full tax implications - so wants to void the purchase. I have issued a cancellation against ESOP-3, however, when I click into ES-10's option grant details - ...

Reverse Exercise Request

Posted By Carta Admin 01-19-2023 12:04
Found In Egroup: Carta Collective \ view thread
Hi there, I submitted a request to exercise my vested options and it created Certificate UCS-13. I did not sign this certificate yet and decided I would prefer not to exercise the options yet. Would it be possible to reverse the certificate request for these options? Thanks. ------------------------------ ...

Cancel Outstanding Options

Posted By Carta Admin 01-19-2023 12:02
Found In Egroup: Carta Collective \ view thread
These outstanding options need to be canceled due to a majority investment transaction that happened in October 2021. People are still getting vesting notices - how do we cancel these options (and the associated notices in the platform)? ------------------------------ Carta Admin -------------- ...

Void Stock Issuance

Posted By Carta Admin 01-19-2023 12:01
Found In Egroup: Carta Collective \ view thread
Hello, Will you please let me know how do we void a stock issuance? ------------------------------ Carta Admin ------------------------------

Exercising options

Posted By Carta Admin 12-13-2022 09:32
Found In Egroup: Carta Collective \ view thread
I'm interested in exercising my options. Can you please let me know how much it would cost? And the taxes associated with it? ------------------------------ Carta Admin ------------------------------

I'm trying to exercise my options online, but it says that online exercising is disabled

Posted By Carta Admin 12-13-2022 09:32
Found In Egroup: Carta Collective \ view thread
When trying to exercise, I get a message that exercising on Carta is not available for my company. Yet, according to the CEO, it should be and has been used by other employees. What can I do? ------------------------------ Carta Admin ------------------------------

How can I cancel an exercise?

Posted By Carta Admin 12-13-2022 09:31
Found In Egroup: Carta Collective \ view thread
We want to cancel certain exercises so we can switch from a wire transfer to an ACH payment method. How can we go about that? ------------------------------ Carta Admin ------------------------------

How can I sell my shares?

Posted By Carta Admin 12-13-2022 09:30
Found In Egroup: Carta Collective \ view thread
Hello, I need to know what are my options to sell asap. Please let me know how I'm able to sell my shares. ------------------------------ Carta Admin ------------------------------

Exercising options on behalf of the holder

Posted By Carta Admin 12-13-2022 09:29
Found In Egroup: Carta Collective \ view thread
Hi team! Can someone else pay for the exercise of shares on behalf of the option holder? Must the exercise payment come through a bank account held by the option holder? Thanks! ------------------------------ Carta Admin ------------------------------

How to exercise without FMV

Posted By Carta Admin 12-13-2022 09:28
Found In Egroup: Carta Collective \ view thread
We have an employee who was terminated and he was trying to exercise his options but we have no FMV loaded into the system. How does he go about exercising them? We will not know the value before he exercises them by July 8th. Thanks. ------------------------------ Carta Admin ----------------- ...

Is there any way to speed up processing of payments during an option exercise?

Posted By Carta Admin 12-13-2022 09:27
Found In Egroup: Carta Collective \ view thread
Hi, Is there any way to speed up the processing of payments during an option exercise? I have an approaching option expiration deadline on July 14, but expect some delays on an address update/company approval. My company claimed that funds had to be received before the deadline and wanted to take ...