Idea Details

"Sign" Option Agreements like a Docusign

Last activity 08-30-2023 02:48
David Wieseneck's profile image
By: David Wieseneck
02-19-2023 19:03

Background
We are a US company, with an IL subsidiary, who issues Section 102 & 3(i) grants to our Israeli employees. 
The way that Carta issues option grants & how the employee "signs" the option grant agreement is not acceptable to the Israeli Tax Authority (as we have been advised). It seems that this is known within Carta and we have been advised that we need all Option Agreements to be signed via Docusign (or similar)

"they would need to use a docusign workflow outside of Carta. All Israeli accounts have to execute their option grant documents through docusign and utilize Carta to give their employees access to the securities in an online portfolio and to keep a clean up to date cap table. If this company is a US company with Israeli employees, Docusign is still used.  Israeli companies also execute documents off of Carta typically via docusign."
Feature Request:
Update Option Grant acceptance to be more like Docusign. Not the "Cover page + Blank Option Agreement" approach .

More details here:
https://support.carta.com/s/article/accepting-an-option-grant


02-19-2023 19:05

Interestingly enough I saw that one of Carta’s competitors (on the lower end) is advertising fully signed legal documents as a differentiator against Carta. This may be a reaction to the Carta stance on signatures as currently in the product.