Carta Collective

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  • 1.  Public: Exercising Options

    Posted 11-10-2022 12:24
    I just exercised 700 of my 851 share options. I intend to exercise the other 151 before they expire on Friday if possible.

    Carta is currently showing "Exercising is temporarily not available". I suspect that is because the 700 in progress.

    Please let me know if it should be possible to exercise the other 151 before Friday.

    Carta Admin

  • 2.  RE: Public: Exercising Options

    Posted 11-10-2022 12:25
    As stated by the employee, he has a current exercise in progress for that grant. He will be able to initiate a second exercise on the remaining options once the first exercise completes. We have one of two options here to help him meet his Friday deadline to exercise - since the exercise he submitted has not yet been approved by the company we can cancel the current one and he can submit a single exercise for all options he wants to exercise from the grant. The second option is he can do a manual exercise sending funds directly to VO holdings along with his exercise agreement. Once you receive funds I can walk you through recording a manual exercise on the platform and you can honor the exercise date on his form.

    Carta Support