If you have stock options or common stock from a public company, you can now place limit orders that will remain outstanding for up to 30 calendar days. If you are attempting to sell at a particular limit price, selecting Good Till Cancel will allow the order to trade for multiple days without re-entering each day.

Upon entering a cashless exercise and sell, cashless exercise and hold, or stock sale, selecting Limit order now enables the choice of Day or Good until cancelled.

Selecting Good until cancelled enables you to place an order that remains outstanding until the earlier of 30 calendar days, or your entry into a trading blackout.

Following placement, you can view your order in the Orders screen. This view now shows order duration, where you can track both Day and Good Till Cancel orders, in addition to the date that the orders will be cancelled if they are not executed:

At Carta, we want to make big decisions like exercising simple and easy to understand. To that end, we’re excited to announce that we’ll be launching a new simulator tool!

Presets

• Part of this update includes scenario presets determined by your type of grant(s). By default, we will show Exercise All Vested and Customize Your Exercise choices. If you possess a grant that is early exercisable, you will be able to see and use that preset in your portfolio.
• Customizing your exercise will allow you to enter in share quantity amounts in the tool. Changing the date updates the vested amount based on your vesting schedule.
  
  

Estimate your costs

To further provide context and helpful information, we’ve introduced the following estimates for all scenarios at the top of the tool. They are:

• Pre-tax cost (strike price x quantity)
• NSO taxes (including option spread)
• AMT taxes (breakdown of calculation)

To support this, you will be able to enter in standard tax data per scenario.

You can also drill down about each type of cost by clicking on the View Details button on the right. Below is an example of how we explain Pre-tax cost.

If you have any questions or feedback for this new tool, please send a note to catherine.stark@carta.com

If you are a company administrator making updates to stakeholder emails on Carta, we want to make sure all stakeholders at your company receive their certificates and grants to the correct email address.

We introduced tooltips to provide more context on the difference between a “Portfolio Email” and a “Contact Email.” A portfolio email is the email address associated with a stakeholder’s securities. For brand new stakeholders who haven’t accepted their security on Carta, we will show a “Pending” label. For stakeholders who are non-individuals (law firms, investment firms), it will read “Investor Portfolio.”

A contact email may be used to track the contact information for the individual or non-individual stakeholder.

To modify a stakeholder’s email address on Carta, visit the dropdown on the right hand side.

Update the email field with the correct email address for the stakeholder and hit Update.

On Update, you will see a step that asks you to confirm this change. For stakeholders who have not accepted any securities, we will send the stakeholder a new email to the updated email address so they can accept their securities.

The stakeholder will receive an email to accept their security. When she accepts, the Portfolio Email column will update with the email the stakeholder used to accept their security.

Upon accepting a security, you may not edit the Portfolio Email for the stakeholder. You may only update the “Contact Email” -- email used for a company’s record keeping/communication purposes.

To update the contact email for the stakeholder, you will see a message that asks you to confirm the change.

If you have any questions or feedback about this new feature, please write to growthproduct@carta.com.

We’re excited to announce that we’ve released a new version of self-service onboarding workflow for founders. The new release includes design improvements, more contextual links to support articles, and the ability to add a vesting commencement date for your stakeholder’s holdings.

More contextual links to guide founders in filling out their onboarding data accurately and quickly.

If you have a vesting start date (or vesting commencement date) that differs from the date of the original issuance, you can now enter it in when you input holdings information for individual certificates.

If you have any feedback or questions about our founder’s onboarding flow, please send a note to growthproduct@carta.com

In Open Beta today, Carta now offers an integration with BambooHR, a leading provider of HR software!

Carta Companies on the Scale and IPO Ready plans using BambooHR can set up an integration in minutes and benefit from a seamless, secure integration that keeps employee information up to date in Carta, improving data accuracy and reducing the risk of error.

Email integration_requests@carta.com or your Carta Relationship Manager to learn more about getting access to this feature.

When you integrate Carta with BambooHR, you can use the integration to:

1. Auto-update stakeholder profiles in Carta as the corresponding employee record is updated in BambooHR
2. Auto-terminate stakeholder profiles upon an employee’s departure

IT, HR and Finance leaders can rest assured that employee new hire and termination events are accurately reflected in Carta, creating the best possible experience for stakeholders, employees, and administrators.

Carta customers can follow the simple steps in this how-to-guide to get up and running: How to set up an integration with BambooHR.

Learn more about how the integration works by reading this topic-guide: How does Carta integrate with BambooHR?.

The Design Technology team at Carta is upgrading the top level navigation of our app, to use the latest Ink Design System improvements.

With this change, we will be able to support future design and navigation improvements planned for 2020.

There will be minor visual changes. We’ve increased contrast and legibility with white dropdown menus, and you might notice a few different colors here and there. Functionality remains the same.

Note: there is no change to menu items or to the way you get to different corners of the app. This update is unrelated to the navigational structure of our site.

For feedback, please reach out to design-technology@carta.com.

We’re excited to announce that we have introduced the ability to retract a board consent on Carta!

Retracting a board consent is easy. Simply click on the “Actions” dropdown on the details page and select “retract consent”:

You can also retract a consent from the board dashboard by clicking on the grey dropdown and selecting “retract”:

Once you retract a consent, it will move the consent back into “draft status”. A consent can only be retracted if no board members have approved it.

We hope this helps make drafting board consents easier and more intuitive!

We’re bringing a large update to drastically enhance the Carta experience for Android customers.

Register for you account in a few quick steps, set up fingerprint authentication for easy access, accept securities, and track vesting schedules within the new app.

As an investor, get real-time IRR and company performance information on the go!

Get the app now!

As a company administrator, you have been getting emails when stakeholders report issues about their holdings. Now, we aggregate reported issues in one place and allow you to “Resolve” or “Dismiss.” Under the company drop-down, you will find a new section called “Reported Issues.” This will take you to the ledger of reported issues.

When you resolve an issue, add a note to send back to the Stakeholder. You may also choose to dismiss the issue, which will prompt you to enter a note for the reporting stakeholder.

This feature is being rolled out in Beta this week. If you have feedback, please reach out to product@carta.com.

If you are a company or legal administrator, you will now be asked to add a board member to the company’s account during onboarding.

Why add board members during onboarding?

Board members are one of the most important stakeholders of a company. At Carta, we’ve built some features around board management and governance that make it easier for board members to streamline all their processes on Carta. For example, Carta makes equity grants even more efficient for board members by allowing board consents to be drafted and approved so that you can issue option grants to stakeholders without waiting for the next board meeting.

There is a new task in the Onboarding Setup Guide that requires companies with less than 25 stakeholders to add a board member to their account before going live.

If you’re a law firm user onboarding a company to the free Carta Launch Plan, you will see the same task in step 3 of the Launch Setup Guide.

When the company’s board members are added to the account, they will immediately be sent an email asking them to create their account and login. By default, board members will be added to Account Users but will not have access to view the company’s cap table unless you modify their level of access by visiting Account Users.

We believe it is valuable for companies to add their board members during their initial implementation. Capturing data and information early on will ensure the company is set up for success when utilizing Carta and realize the full benefits of our platform.

If you have any questions about Carta’s board management and governance features, please send a note to growthproduct@carta.com

Learn more about creating board resolutions on Carta >