Idea Details

Enable online exercise (transaction through Carta) for Section 102 or 3(i) grants

Last activity 03-14-2023 12:04
David Wieseneck's profile image
By: David Wieseneck
02-18-2023 13:21

Background
We are a US company, with an IL subsidiary, who issues Section 102 & 3(i) grants to our Israeli employees. 
What is interesting to me is that 3 out of the 10 Option Grant types are Specific to Israel.  Take a look at the options for Stock Option type (Securities -> Equity Awards - > Options - > Draft options).  After ISO & NSO, 3 of the 10 types of Options are specific to Israel employees.

See more here:
https://support.carta.com/s/article/international-implementations-faq#option-types
Feature Request:
For some reason - Israeli employees with Section 102 & 3(i) type grants can not use online exercise (transaction through Carta) and must proceed with the transaction outside of Carta (the user sends the funds directly to the company) and we record the exercise in the platform afterwards.

Please enable online exercise (transaction through Carta) for Section 102 or 3(i) grants.