About
The innovative service is offered to customers of the Nominee Company, and enables the exercise of employee stock options in a digital and secure manner without drafting documents, signing them manually and having them delivered by courier.
The service is provided at any time and from any place, thereby optimizing and significantly reducing the time period required from the moment the trustee’s reporting of the exercise to the actual deposit of the shares into the employee's account. No installation and integration are required to enjoy the service but rather only a computer, a cellphone or a tablet.
The company receives real-time indication of the status of the application.
The service is provided in cooperation with the trustees and is compatible with the process implemented in the US.
How does it work?
- The trustee reports the exercise of stock options.
- The company is immediately notified of the exercise by Email/text message.
- The system automatically produces digital documents based on the exercise information that was entered by the trustee.
- The company digitally approves and signs the documents.
- The application is transmitted directly to the Nominee Company.
Benefits of the Service
- Significant reduction in the time period required to handle employees’ application to exercise stock options.
- Reduced exposure to failed transactions (as a result of not closing the short on time).
- Upgraded level of services provided to employees by the company.
- Reducing operational risks for the company due to typing errors.
- Saving courier costs.
- Protection of the environment (paperless).