Hey Thomas!
Exercising stock options means purchasing shares of the issuer’s stock at the set price defined in your option grant. When an exercise is initiated, funds will be
pulled from the bank account added to your Carta account. The steps to add a bank account to your account can be found in
this support article.
For U.S. companies with online transactions enabled, there are two options for exercising: ACH or wire transfer.
- To use ACH, a U.S. bank account must be used. For this option, follow the detailed instructions provided in this support article.
- If a non-U.S. bank account is selected, the exercise must be done via wire. You can find the necessary steps outlined in this support article.
Please be aware that even though you can add multiple bank accounts to your Carta account, it’s crucial to specify which account should be used for online ACH transactions. This ensures a seamless process.
Let me know if that makes sense or if you have any other questions that I can answer!