Exercise Fund Transfer Workflow
Once the exercise is approved by the company approver, we will start the process of withdrawing funds from the option holder's bank account.
1. We verify that there is sufficient balance in the option holder's bank account and thetransfer the funds to Carta Escrow Account. This process may take about 1 to 2 business days.
2. Once the funds reach Carta Escrow Account, we immediately begin the process of transferring the funds to the issuing company's bank account.
3. A stock certificate is issued to the option holder and the company signatories will be notified to sign the newly issued stock certificate. This process takes about 2 to 3 business days depending on the company's financial institution.