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All CollectionsCap Table FlowsExercising options - for option holders
What happens after I submit payment to exercise options?
What happens after I submit payment to exercise options?
Yin Wu avatar
Written by Yin Wu
Updated over 3 years ago

Once you submit payment to exercise, the payment may take 5-7 business days to arrive.

Regular Options Exercise

If you have not early exercised shares, your company admin will mark your options as "Exercised" and you will receive an email to accept your new shares. Once accepted, you have completed the process to exercise your options.

Early Options Exercise

If you have chosen to exercise your options early (which means that you are exercising options that have not yet vested), you will be asked to complete your 83(b) election filing for the IRS. Click here to learn more about 83(b) elections.

10 February, 2021 4:13:17 pm - Screenshot

Once you have printed and completed the form, mail two copies to the IRS and upload one copy to Pulley by using the "Drag and Drop documents" box.

While you are completing your 83(b) election, your company admin will mark your options as "Exercised" and you will receive an email to accept your new shares. Once accepted, you have completed the process to exercise your options.

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