All Collections
Equity
Options
Stages of a new stock option offer (ESOP)
Stages of a new stock option offer (ESOP)

What do the various status' of a new employee stock option offer mean?

Shannon Griffin avatar
Written by Shannon Griffin
Updated over a week ago

After you send out a new offer to your employee, there are three different status' the offer will display before the automated vesting commences.

  1. 'Waiting on you to complete' - the offer is in draft stage and is waiting for an admin user to either Grant or Send the offer. If the offer has already been accepted outside of Cake, you should use the Grant button to skip past the signing stages in Cake. This will prompt you to add the date of grant for this offer and attach the executed offer letter. You should click Send offer if you would like to send a new offer to your employee to execute digitally through the Cake platform.

  2. 'Your employee / investor needs to sign' - this means the offer is now with the employee to take the next steps (confirm their details & sign the offer letter). You can send a reminder for them to do so at any time through the Actions tab at the top (look for the πŸ””).

  3. 'Vesting ongoing' - the options have been granted and the automated vesting will commence through the platform. Grant Date means the date the options are granted to the employee or contractor under the Offer. In Cake, this is the date that the offer letter was executed through the platform.

Did this answer your question?