Carta Collective

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  • 1.  Public: Cancel option exercises

    Posted 11-10-2022 12:22
    My employee had a question about canceling an exercise. He exercised options Thursday night, then the stock dropped Friday and he sees a 'cancel' button in Carta. Will that simply cancel his exercise? Do we have to accept that before it's effective? And if it cancels the options, are they immediately back in his unexercised pool and he can exercise again?

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    Carta Admin
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  • 2.  RE: Public: Cancel option exercises

    Posted 11-10-2022 12:22
    Yes, if he selects 'Cancel', this will cancel his pending exercise and they will return back to his unexercised pool and he can exercise again. You will receive an email notification of this, and there is no approval required on your end before it is effective.

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    Carta Support
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