How to update post-termination exercise periods on grants | support.carta.com

What is a PTEP?

A post-termination exercise period (PTEP) refers to the amount of time an optionholder has after termination to exercise their options.

Many companies have a post-termination exercise period of 3 months, due to the IRS rules regarding how long an ISO maintains its status post-termination, but there’s no standard rule for how long a PTEP can be.

Do you need to update the PTEP for an individual grant, or for multiple grants?

✨ Learn more PTEP types