How does an Administrator approve an option exercise request and select ACH as a payment method
Provided the above criteria is being met:
Log In and Navigate to the Exercise & Releases Page
Go to the Exercise & Releases page and select the Options tab.
Locate the Pending Exercise Request
Find the exercise request you wish to approve.
Use filters or sorting to help locate pending requests.
Open the Request Details
Click the kebab menu (three dots) next to the exercise request.
Select “View details” to review the request
Review All Request Information
Confirm the stakeholders details, grant information, exercise quantity, FMV, calculated costs, and tax withholding.
Provided you have an active Stripe account linked, the default payment type will be ACH
Check Stripe Account Status
If the company’s Stripe account is fully linked and ACH is enabled, the platform will display a banner confirming ACH payment is active.
If there is an issue with Stripe, you must resolve it or select manual payment instead.
Approve the Request
Click “Approve”.
A side drawer or approval page will open, showing all editable and calculated fields.
Add any necessary notes in the “Exercise notes” field.
Submit Approval
Click “Submit” to approve the exercise request.
The participant will receive an email notification and a payment task in their portal.
The exercise record’s payment status will update to “Payment Due”.
Next Steps
The participant must log in and use the “Send payment” button to pay via Stripe.
Once payment is sent and confirmed by Stripe, the platform will automatically update the payment status and allocate shares.