For our employee, it appears that his termination date of 3/31 was never recorded in Carta and therefore his shares have been vesting since then. As of today's date, he has 77,777 "vested" shares, which he fully exercised and paid for; however, based on his termination date of 3/31, he should have only had 69,444 shares exercisable (not 77K). The company should notify him of the improper exercise and agree to refund the money and cancel the excess options. Does Carta have a process for this? Thanks, and please let me know.------------------------------
Carta Admin
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