Issue stock options
There are 3 steps to issue stock options digitally on LTSE Equity.
1. Prepare to issue
The equity awards signatory e-signs the stock options documents on behalf of your company.
To Assign a signatory, go to Company > Company Information, click on Edit in the Signatories section, then assign a team member as the equity award signatory. The equity awards signatory can be the same as or different than the company signatory.
Set up document set
- Stock Plan
- Notice of Stock Option Agreement
- Exercise Agreement
Alternatively, you can attach individual documents when you draft your securities.
Add stakeholder emails
Get board consent
Currently only the company signatory and the stakeholder e-sign and accept the securities you issue on LTSE Equity. You need to get board consent ahead of time through your normal board process. We're working on automating board workflows for you too, stay tuned.
2. Draft stock options
3. Issue stock options
To issue stock options, on the same Plans and Equity Awards view, in the Drafts section, click on Issue all, or click on a draft security row in the table then click Issue. You can double check the totals and the stakeholder emails before the securities are sent for e-sign.
Next: e-sign and acceptance
Issue outside of LTSE Equity
If you already issued your options, say with pen and paper or with another e-sign service like HelloSign, you can mark your draft securities as issued. This skips the signatory e-sign and stakeholder acceptance steps. You do not need to enter your stakeholder's email and no notifications will be sent to your stakeholder.
To mark a security as issued, go to Ownership > Plans and Equity Awards, in the Drafts section, click on a draft security row in the table, then click Mark as issued.