We're releasing an update to the iOS and Android apps to support Options Exercising via Wire transfer! International option holders of private US companies can exercise through Carta via wire transfer. When a company enables this feature, option holders can initiate and track their exercises within Carta and pay for their exercise via wire transfer.
To begin, you will need:
- An ISO, NSO, or ISO/NSO split option grant
Once you've installed the latest version of the Carta app, you can head to the option grant that you intend to exercise. If exercising is available, you can tap on the “Exercise” button to begin.
Confirm your country of residence to help guide you through the appropriate exercising steps. It is recommended that you consult with a tax professional or personal financial advisor before exercising to help determine if exercising is right for you.
Once you confirm your country of residence, you’ll now be able to:
- Choose the number of option grants you want to exercise
- View the payment information required for your exercise
- Ensure that your portfolio profile information is up to date
Once you’ve fulfilled all of the requirements needed for exercising, ensure that you read the terms of your exercise. You can do this by reviewing all linked documents before submission. Once you’re ready to submit an exercise request, tap the “Exercise” button.
After you submit your request, the issuing company will approve your exercise. Your company’s approval will then allow you to access wire instructions within Carta via the ‘Wire funds’ task in-app, or through your email.
Once payment has been confirmed by the company, a certificate will be created. This certificate will be signed by the officers and sent for you to accept. You'll receive email updates from us as your option exercise progresses.
Note: Carta does not wire funds. A wire transfer must be completed outside of Carta, and through your banking provider.