API · Manage · Equity
Exercise grant.
Record an option exercise (or RSA early-exercise). Distinct from grant creation: captures the exercise method, payment, and the cascade of artifacts an exercise produces.
Cascades. - Notice of Exercise document signed by the optionee. - share_ledger issuance entry against the equity-plan reserve at the strike price, creating a tracked share lot. - For ISOs: holding-period tracker (1 year from exercise + 2 years from grant for long-term capital gains; disqualifying-disposition tracker if sold earlier). - For ISOs: AMT preference computation per IRC §56 — the bargain element (FMV – strike) at exercise is an AMT preference item. - Form 3921 staged for IRS filing per IRC §6039 — required for every ISO exercise; due to optionee by 1/31 and to IRS by 2/28 (paper) / 3/31 (electronic). - For early-exercised RSAs: auto-cascade an 83(b) election (tax_elections.kind: section_83b) with a 30-day deadline. - QSBS holding-period tracker started for the resulting share lot if the entity qualifies under IRC §1202.
Returns 202 Accepted. On completion, emits one of: grant.issued, share_class.created, valuation.created, share_ledger.entry_recorded. Subscribe via `POST /v1/webhook_endpoints` to consume.
Last updated
Path Parameters
idstringRequiredgrant_idstringRequiredQuery Parameters
dry_runbooleanOptionalIf true, simulate the mutation and return the would-be resource, any cascaded
resources, and a fee estimate — without side effects. Available on every mutation.
Request Body
application/json
TypeScript Definitions
Use the request body type in TypeScript.
exercise_datestring<date>RequiredquantityintegerRequiredUnderlying shares to exercise. Must be ≤ vested quantity at
exercise_date unless early_exercise=true.
payment_methodstringRequiredcash: optionee tenders cash equal to strike × quantity.cashless: same-day exercise + sale through a broker (NSO only, typically; sale proceeds cover the strike).net_exercise: company withholds shares to cover the strike.promissory_note: company-loan to exercise (insider; AFR-rate documentation required per IRC §7872).stock_swap: tender previously-owned shares at FMV.
"cash""cashless""net_exercise""promissory_note""stock_swap"payment_receivedobjectOptionalCurrency amount in the smallest unit (cents for USD).
amountintegerRequiredInteger in smallest unit. 100 = USD 1.00.
currencystringRequiredISO 4217 alpha-3, lower-cased.
early_exercisebooleanOptionalExercise unvested options into restricted stock subject to a company repurchase right. Only valid when the underlying plan permits early exercise. Cascades 83(b).
election_83bbooleanOptionalAuto-cascade an 83(b) election when early_exercise=true. Set false
only when the recipient explicitly opts out (rare).
certificate_deliverystringOptional"physical""electronic""none"metadataobjectOptionalFlat string-to-string map. Up to 50 keys. Keys: max 40 chars, charset
[A-Za-z0-9_\\-.]. Values: max 500 chars. Keys prefixed matter_ are reserved
for platform use. Metadata is retrievable but not filterable via query params.
Response Body
application/json
application/problem+json
application/problem+json
application/problem+json
application/problem+json
application/problem+json
Request
curl -X POST "https://api.mattermode.com/v1/entities/string/grants/string/exercise" \ -H "Content-Type: application/json" \ -d '{ "exercise_date": "2026-04-25", "quantity": 1, "payment_method": "cash", "payment_received": { "amount": 50000, "currency": "usd" }, "early_exercise": false, "election_83b": true, "certificate_delivery": "electronic", "metadata": {} }'const body = JSON.stringify({ "exercise_date": "2026-04-25", "quantity": 1, "payment_method": "cash", "payment_received": { "amount": 50000, "currency": "usd" }, "early_exercise": false, "election_83b": true, "certificate_delivery": "electronic", "metadata": {}})fetch("https://api.mattermode.com/v1/entities/string/grants/string/exercise", { method: "POST", headers: { "Content-Type": "application/json" }, body})package mainimport ( "fmt" "net/http" "io/ioutil" "strings")func main() { url := "https://api.mattermode.com/v1/entities/string/grants/string/exercise" body := strings.NewReader(`{ "exercise_date": "2026-04-25", "quantity": 1, "payment_method": "cash", "payment_received": { "amount": 50000, "currency": "usd" }, "early_exercise": false, "election_83b": true, "certificate_delivery": "electronic", "metadata": {} }`) req, _ := http.NewRequest("POST", url, body) req.Header.Add("Content-Type", "application/json") res, _ := http.DefaultClient.Do(req) defer res.Body.Close() body, _ := ioutil.ReadAll(res.Body) fmt.Println(res) fmt.Println(string(body))}import requestsheaders = { "Authorization": "Bearer sk_test_4eC39HqLyjWDarjtT1zdp7dc", "Matter-Version": "2026-06-10", "Idempotency-Key": "ee7c3a9b-3f1a-4d8e-9b2a-7c5e1f0a2d4b",}payload = { "exercise_date": "2026-04-25", "quantity": 1, "payment_method": "cash", "payment_received": { "amount": 50000, "currency": "usd" }, "early_exercise": false, "election_83b": true, "certificate_delivery": "electronic", "metadata": {}}resp = requests.post( "https://api.mattermode.com/v1/entities/ent_Nq3KcAbc/grants/grt_C1pT6yWh/exercise", headers=headers, json=payload,)resp.raise_for_status()print(resp.json())import java.net.URI;import java.net.http.HttpClient;import java.net.http.HttpRequest;import java.net.http.HttpResponse;import java.net.http.HttpResponse.BodyHandlers;import java.time.Duration;import java.net.http.HttpRequest.BodyPublishers;var body = BodyPublishers.ofString("""{ "exercise_date": "2026-04-25", "quantity": 1, "payment_method": "cash", "payment_received": { "amount": 50000, "currency": "usd" }, "early_exercise": false, "election_83b": true, "certificate_delivery": "electronic", "metadata": {}}""");HttpClient client = HttpClient.newBuilder() .connectTimeout(Duration.ofSeconds(10)) .build();HttpRequest.Builder requestBuilder = HttpRequest.newBuilder() .uri(URI.create("https://api.mattermode.com/v1/entities/string/grants/string/exercise")) .header("Content-Type", "application/json") .POST(body) .build();try { HttpResponse<String> response = client.send(requestBuilder.build(), BodyHandlers.ofString()); System.out.println("Status code: " + response.statusCode()); System.out.println("Response body: " + response.body());} catch (Exception e) { e.printStackTrace();}using System;using System.Net.Http;using System.Text;var body = new StringContent("""{ "exercise_date": "2026-04-25", "quantity": 1, "payment_method": "cash", "payment_received": { "amount": 50000, "currency": "usd" }, "early_exercise": false, "election_83b": true, "certificate_delivery": "electronic", "metadata": {}}""", Encoding.UTF8, "application/json");var client = new HttpClient();var response = await client.PostAsync("https://api.mattermode.com/v1/entities/string/grants/string/exercise", body);var responseBody = await response.Content.ReadAsStringAsync();curl --request POST 'https://api.mattermode.com/v1/entities/ent_Nq3KcAbc/grants/grt_C1pT6yWh/exercise' \ --header 'Authorization: Bearer sk_test_4eC39HqLyjWDarjtT1zdp7dc' \ --header 'Matter-Version: 2026-06-10' \ --header 'Idempotency-Key: ee7c3a9b-3f1a-4d8e-9b2a-7c5e1f0a2d4b' \ --header 'Content-Type: application/json' \ --data '{ "exercise_date": "2026-04-25", "quantity": 1, "payment_method": "cash", "payment_received": { "amount": 50000, "currency": "usd" }, "early_exercise": false, "election_83b": true, "certificate_delivery": "electronic", "metadata": {}}'const response = await fetch("https://api.mattermode.com/v1/entities/ent_Nq3KcAbc/grants/grt_C1pT6yWh/exercise", { method: "POST", headers: { "Authorization": "Bearer sk_test_4eC39HqLyjWDarjtT1zdp7dc", "Matter-Version": "2026-06-10", "Idempotency-Key": "ee7c3a9b-3f1a-4d8e-9b2a-7c5e1f0a2d4b", "Content-Type": "application/json", }, body: JSON.stringify({ "exercise_date": "2026-04-25", "quantity": 1, "payment_method": "cash", "payment_received": { "amount": 50000, "currency": "usd" }, "early_exercise": false, "election_83b": true, "certificate_delivery": "electronic", "metadata": {} }),});if (!response.ok) { throw new Error(`Matter API ${response.status}: ${await response.text()}`);}const data = await response.json();console.log(data);Response
application/json{
"resource": {
"id": "string",
"object": "grant",
"entity_id": "ent_Nq3KcAbc",
"stakeholder_id": "stk_7Hpx9WxY",
"equity_plan_id": "plan_4Vt6yJzH",
"kind": "iso",
"quantity": 1,
"grant_date": "2026-04-25",
"created": 1745539200,
"updated": 1745539200,
"livemode": false
},
"intent": {
"id": "string",
"object": "intent",
"goal": "form_startup_ready_corporation",
"parameters": {},
"status": "draft",
"created": 1745539200,
"updated": 1745539200,
"livemode": false
},
"execution_plan": {
"steps": [
{
"operation": "string",
"status": "pending"
}
]
},
"authorization": {
"id": "string",
"object": "authorization",
"token_id": "tok_4Kj2m8pQ",
"action": "string",
"payload_hash": "string",
"status": "pending",
"expires_at": 1745539200,
"created": 1745539200,
"updated": 1745539200,
"livemode": false
},
"pending_filings": [
{
"id": "string",
"object": "filing",
"entity_id": "ent_Nq3KcAbc",
"type": "certificate_of_amendment",
"jurisdiction": "US-DE",
"status": "preparing",
"created": 1745539200,
"updated": 1745539200,
"livemode": false
}
],
"cascaded_documents": [
{
"id": "string",
"object": "document",
"entity_id": "ent_Nq3KcAbc",
"type": "certificate_of_incorporation",
"status": "draft",
"sha256": "9f86d081884c7d659a2feaa0c55ad015a3bf4f1b2b0b822cd15d6c15b0f00a08",
"version": 1,
"created": 1745539200,
"updated": 1745539200,
"livemode": false
}
],
"cascaded_resolutions": [
{
"id": "string",
"object": "resolution",
"entity_id": "ent_Nq3KcAbc",
"kind": "board_meeting",
"subject": "Approval of 2026 Equity Plan and initial pool of 2,000,000 shares",
"created": 1745539200,
"updated": 1745539200,
"livemode": false
}
],
"events_emitted": [
"string"
],
"applied_defaults": [
"string"
],
"next_steps": [
{
"endpoint": "POST /v1/entities/ent_Nq3KcAbc/tax_elections",
"reason": "Founder restricted-stock issuances require 83(b) within 30 days."
}
]
}{
"type": "https://mattermode.com/docs/errors/invalid_request",
"title": "Invalid request",
"status": 400,
"code": "invalid_request",
"detail": "Request body could not be parsed as JSON.",
"doc_url": "https://mattermode.com/docs/guides/errors#invalid_request",
"request_id": "req_Qw9xYz8A"
}{
"type": "https://mattermode.com/docs/errors/authentication_required",
"title": "Authentication required",
"status": 401,
"code": "authentication_required",
"detail": "No bearer token was supplied. Pass `Authorization: Bearer sk_live_...` on every request.",
"doc_url": "https://mattermode.com/docs/guides/errors#authentication_required",
"request_id": "req_Qw9xYz8A"
}{
"type": "https://mattermode.com/docs/errors/invalid_state_transition",
"title": "Invalid state transition",
"status": 409,
"code": "invalid_state_transition",
"detail": "Entity ent_Nq3KcAbc is in state `dissolved`; `dissolve` is not a valid transition.",
"doc_url": "https://mattermode.com/docs/guides/errors#invalid_state_transition",
"request_id": "req_Qw9xYz8A",
"current_state": "dissolved",
"attempted_transition": "dissolve",
"allowed_transitions": []
}{
"type": "https://mattermode.com/docs/errors/dissolution_prerequisites_missing",
"title": "Dissolution prerequisites missing",
"status": 409,
"code": "dissolution_prerequisites_missing",
"detail": "Voluntary dissolution requires `board_resolution_id` and `stockholder_consent_id`, or `auto_generate_resolutions: true`.",
"doc_url": "https://mattermode.com/docs/guides/errors#dissolution_prerequisites_missing",
"request_id": "req_Qw9xYz8A"
}{
"type": "https://mattermode.com/docs/errors/valuation_stale",
"title": "409A valuation stale",
"status": 409,
"code": "valuation_stale",
"detail": "Active 409A val_AbCd1234 is older than 12 months or superseded by a material event. Issuing ISOs at the prior strike risks IRC §409A violation. Refresh via POST /entities/{id}/valuations/{id}/refresh_request.",
"doc_url": "https://mattermode.com/docs/guides/errors#valuation_stale",
"request_id": "req_Qw9xYz8A"
}{
"type": "https://mattermode.com/docs/errors/validation_failed",
"title": "Validation failed",
"status": 422,
"code": "validation_failed",
"detail": "One or more fields failed validation. See `errors[]`.",
"doc_url": "https://mattermode.com/docs/guides/errors#validation_failed",
"request_id": "req_Qw9xYz8A",
"errors": [
{
"field": "founders[0].equity",
"code": "out_of_range",
"message": "Equity must sum to 100% across all founders."
}
]
}{
"type": "https://mattermode.com/docs/errors/rate_limit_exceeded",
"title": "Rate limit exceeded",
"status": 429,
"code": "rate_limit_exceeded",
"detail": "Request rate exceeded for this key. Retry after `retry_after` seconds or honor the `Retry-After` header.",
"doc_url": "https://mattermode.com/docs/guides/errors#rate_limit_exceeded",
"request_id": "req_Qw9xYz8A",
"retry_after": 30
}