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Exercise notice

Also called: notice of exercise

In one line

The formal document you submit to exercise options, specifying how many and triggering payment of the strike price.

In plain English

To exercise, you file an exercise notice with the company and pay the strike price. It's the paperwork that converts your options into shares on the record.

If you were explaining it to a 5-year-old

The form you fill in to say 'I'm using my voucher now', handed over with your coins to claim the toys.

Why it matters when you sell

Filing it (and paying) is the concrete step that turns options into shares you can eventually sell.

Related terms

Exercise (options)Option agreementStrike pricePost-termination exercise window

Put it to use

Cost to exercise + AMT

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Sources

A general market-practice term. See how we define and source the glossary in our methodology. General information, not advice.

Educational information only — not financial, tax or legal advice, and not an offer to buy or sell any security. Definitions are general; your own documents and local law govern your situation. PrivateTechShares is independent and not a broker or marketplace.