Issuing option grants electronically allows you to grant options to employees entirely on Pulley instead of having them sign documents offline.
To start issuing new options: click + Add in the left navigation bar → select Options → click Continue → under New securities, click Continue:
There are two requirements to issue options electronically. You'll only need to do this setup once:
The Company has selected an "Options Signatory"
Draft options have a "Form Document" selected
1. Set an Options Signatory
In the "Add Option Signatory" section, click on Add. Enter the name and email for the signatory. You can invite and set yourself as the signatory.
This person will receive an email from Pulley to accept as the options signatory. They will then receive an email to sign for new option grants that are issued on the Pulley platform.
2. Upload the Form Documents
In the "Add Form Documents" section, click on Add:
Upload standard documents like "Option Grants - Standard Exercise" or "Option Grants - Early Exercise". You will be able to sign them directly on Pulley.
3. Fill out information for options
You can now start setting up options to issue! Select the relevant form in the "Form Documents" selection and then fill out the rest of the form.
4. Send securities for signing
All newly created options will appear in Drafts. Select "New securities" to issue options electronically.
Once you select "Collect Signatures, you will be shown the steps required to complete your option issuance.
When you select "Issue Options" on the below screen, the Options Signatory will receive an email to sign and review the options.
Then, the stakeholder will receive an email to view the grant and sign as well.
After that, the transaction is complete and your cap table will be updated.