Exercise Expiration Notice
For companies that have ACH enabled on Carta, the email provides instructions for option holders to connect their bank account and exercise.
For more information about enabling an employee's ability to exercise, check out this article
For companies that do not have ACH enabled, the email directs them to reach out to the issuing company to exercise:
Carta does not send out a notification email if the exercise expiration window expires before the 21-day threshold or if no shares have vested at the time of termination.