This support article provides an overview of how to allow for exercises of vested options using our Online Exercise feature
You may have an optionholder with vested options and you allow for them to exercise them. You can execute the exercise on Capdesk.
Before you can allow for exercise of vested options, you will need to enable the online exercise feature. Please find a support article here on how to do this.
To start an online exercise process, go to the "Grants" page and click three-dotted action next to the option grant that is to be exercised and select "Modify Online Exercise".
On this page you can set the timeframe for when the option holders can exercise.
Once you've chosen the timeframe, click "Save".
You can find a support article on actions the option grant holders have to undertake here.
After optionholder has completed the relevant actions, the admin user who has "Approving Exercise" access will have to click "Approve" on the "Online Exercise" tab.
The approver will get one final chance to check the transaction before approving it.
The transaction will then move into draft as the transfer is processed, and once it is processed the exercise will be published.
If you need further assistance, you can reach out to us by submitting a support ticket here.