Carta Collective

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  • 1.  Adjust Taxes for Exercise

    Posted 01-19-2023 12:20
    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 while the exercise is in "waiting for funds" status.

    Thank you.

    Carta Admin

  • 2.  RE: Adjust Taxes for Exercise

    Posted 04-06-2023 13:05

     Hello! Thanks for reaching out. In this case we will need to cancel the pending exercise and the holder will need to enter a new one. The amount that was transferred by the stakeholder for the initial exercise currently sits as a balance on the holders account, they could use this amount to fund the new request. 

    Brent Devey
    Community Manager