How do I open the option exercise window on a plan?

Navigate to the Plan Management

• Select the relevant plan

Option Exercise Window Card

• On the plan details page, locate the Option Exercise Window card or section.

Enable the Exercise Window

• Toggle the Exercise Window to “Enabled.”

• Optionally, set the Opening Date and Closing Date for the exercise window.

  • If a closing date is set, participants cannot submit exercises after this date.

  • If left blank, the window remains open until you disable it.

Set the Latest Fair Market Value (FMV)

• In the Latest Fair Market Value (FMV) section:

  • Select the most recent FMV from the dropdown (only “share price” or “409a valuation” types are allowed).

  • If needed, click “Add new” to add a new FMV via the valuation modal.

  • The FMV is a mandatory field for opening the exercise window.

  • The dropdown will display FMV type and valuation date for each entry.

  • After selecting or adding an FMV, click “Save”.

(Optional) Attach an Exercise Agreement

• In the Exercise Agreement (optional) section:

  • Upload a .pdf or .docx document for participants to review and accept before submitting an exercise request.

  • Only one document can be attached at a time.

  • You can preview (PDF only), download, or delete the agreement as needed.

  • Click “Save” after uploading or updating the agreement.

Save and Confirm

• Ensure all required fields (especially FMV) are completed.

• Click “Save” to activate the exercise window.

What Happens Next?

• Participants will now be able to submit exercise requests during the open window.

• If FMV is missing, participants will be blocked from submitting requests until it is set.