Carta offers you a place in which you are able to have an overview of the current grantholders with exercises windows open and/or active online exercises.
Keeping track of the individuals who submit exercises online as well as having all the signatures in place for the execution of exercises has been simplified by Carta's online exercises pages. With it, company administrators are able to manage and view grants whose exercise windows are open as well as the ones that are under the process of being exercised.
The Online exercises page can be accessed by navigating to Options and accessing the Online Exercises tab on this section.
In this page, there are three different sections of importance:
Exercise Funnel
The exercise funnel will break the exercise process into detailed process until the shares are published.
- Schedule exercises: It will show you the grants with exercises windows scheduled for future dates.
- Not submitted: It shows you grants that the exercise windows are already open, but grantholders have not submitted exercises yet.
- Pending grantholder witness: It shows you the grants that are pending grantholders' witness signature.
- Pending payment: It shows you the grants that have not yet had their payments confirmed by the company.
- Pending issuer signature: It shows you the grants that are pending the company's signature.
- Pending issuer witness: It shows you the grants that are pending the company's witness' signature.
- Pending publishing: It shows you the grants that have their signatures completed as well as their payments confirmed and only needs to have their shares published.
In each step of the funnel, you can click on the filter button to have the Online Exercises page show you exercises in that specific stage.
You can also click Take action to perform actions in bulk such as opening exercise windows, terminating grants and mark exercises as paid.
Grantholders With Active Exercises
This part will show you exercises that have been submitted and are either in the signature process or pending to be paid and/or published.
This is the information you can see on the table:
- Name: Name of the grantholder who submitted the exercise.
- Grants: How many grants the exercise requested comprises.
- Deadline: The deadline for the exercise to be concluded.
- Days left: How many days are left for the deadline of the conclusion of the exercise.
- Exercised: How many shares the grantholder purchased.
- Exercise cost: What was the total exercise cost when the grantholder submitted the exercise request.
- Status: You will be able to see here what signature is currently pending as well as if the payment or publishing is pending.
- Assignee: The signatory whose signature is currently pending.
- Payment: If the exercise has been marked as Paid or Unpaid.
By clicking on the Action Button to the right-hand side of the grants, you will be able to perform actions such as changing the signatory in charge of the exercise documents, confirming or rejecting the payment as well as cancelling the exercise order in place.
Grantholders With Pending Exercises
This section will show you grants with their exercise windows open whose grantholder has not yet submitted an exercise order and grants whose exercise windows are scheduled to happen some time in the future.
By clicking on the Action Button you will be able to edit the exercise windows that are currently open.