83(b) Election Management in Pulley
Pulley streamlines 83(b) election management by automatically generating forms, sending reminders, and tracking filing status for stock certificates with vesting schedules. While Pulley handles the administrative work, stakeholders must still file their elections directly with the IRS, either online or by mail.
If all shares are fully vested upon issuance, no 83(b) election is necessary.
Pulley does not yet support 83(b) elections for token awards.
How It Works: The Complete Process
What Pulley Does Automatically
Generates easily copied fields for e-filing, or a pre-filled 83(b) election forms for filing by mail
Sends email and in-app reminders to stakeholders
Tracks filing deadlines and status
Alerts admins when deadlines approach (5 days before expiration)
What Stakeholders Must Do Manually
E-file or Mail the signed form to the IRS within 30 days
Upload proof of filing back to Pulley
When 83(b) Elections Are Triggered
Pulley automatically generates 83(b) tracking in these scenarios:
Early Exercise Stock Options
When someone exercises stock options before they vest
Must file within 30 days of the exercise date
Restricted Stock with Vesting
All restricted stock grants that have vesting schedules
This includes restricted stocks with profit interest units
Must file within 30 days of the grant date
Important: The system only generates forms if the security is issued within Pulley before the 30-day election period expires.
For Administrators
Form Generation and Management
Automatic Form Creation: Pulley generates fields for easy copy/pasting when e-filing and also pre-filled 83(b) election forms for filing by mail
Manual Import: You can track existing 83(b) elections by uploading them to stakeholder profiles or the securities section
Date Adjustments: Contact Pulley support to manually adjust submission dates if needed
Stakeholder Communications
Automated Notifications: Stakeholders receive both email and in-app reminders starting when they submit exercise requests
Admin Reminders: Admins can send additional reminders to stakeholders through the platform
Deadline Alerts: Receive email notifications when 83(b) deadlines are 5 days away
Tracking and Oversight
83(b) Tracker: View the status of all stakeholder elections in one dashboard
Missing Elections: Easily identify securities that are missing 83(b) filings
Status Updates: Monitor filing progress and completion
For Employees and Stakeholders
Understanding Your Timeline
For Restricted Stock:
File within 30 days of your grant date
The clock starts ticking from when you receive the stock, not when it vests
For Early Exercise Stock Options:
File within 30 days of your exercise date
You can early exercise at any time before options vest
The election only applies if you exercise before vesting
Stakeholder Step-by-Step Filing Process
After submitting an early exercise request, select View 83(b)
On the next page, select whether you would like to do an electronic submission or postal mail.
If submitting an electronic submission:
Click the Start Filing button
Review the details in the pop up window and select to Continue to the IRS.gov
Log into your existing id.me account or create a new account to begin the process
Once logged in, copy the information in the pop up window in Pulley for easy online filing.
Once you’ve submitted the 83(b) to the IRS, upload a copy to Pulley for company records and hit Submit
If submitting by postal mail:
Enter additional information to be filled into your generated 83(b). This information will not be stored in Pulley
Download, print, and sign your form
Send your signed form (with tracking) to the appropriate IRS office for your location
Upload your filed form to Pulley for company records and hit Submit
83(b) elections are optional but often beneficial for tax purposes. Missing the 30-day deadline means you can not make the election for those shares.
Please consults with a tax professional to understand if filing is right for your situation.
Getting Help
For Technical Issues:
Contact Pulley support at support@pulley.com
Use the in-app chat feature.
Call the support phone line at (415) 650-1886.
For Tax Questions:
Consult with your tax advisor or CPA
Review IRS Publication 525 for official guidance
Consider the long-term tax implications of your decision
Learn more about 83(b) elections.
Tags: 83(b), 83b, Exercise Requests, Stock Options, Restricted Stock