Exercise Option Grant Manually (Admins)
1. After the company has received the signed exercise agreement and the payment from the employee, navigate to the appropriate option grant and select 'Exercise options' in the drop-down menu.
2. Fill out all pertinent details about the exercise date and the number of options to be exercised. Then click 'Next: review certificate details.'
3. The newly issued certificate now shows up under the common certificate section of the cap table. The number of shares available under the equity plan is reduced by the number of options that were exercised.