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.