If your company uses Pulley to manage its cap table, you’ve probably seen an email or a portal notice about this by now. Most of the coverage so far is written for founders and finance teams deciding whether to migrate to Carta, Pulley’s chosen partner for the transition. Almost none of it is written for you, the person who holds options or shares and just wants to know what this actually means for what you own. This post is that piece.
What’s actually happening, and by when?
Pulley announced on September 15, 2026 that it’s shutting down. Three dates matter, and they’re confirmed directly on Pulley’s own FAQ page:
November 30, 2026: the deadline for your company to opt into an assisted, guaranteed-pricing migration to Carta. Miss it, and a move to Carta (or anywhere else) still happens on the company’s own terms, with no guaranteed pricing and no help from Pulley’s team.
December 8, 2026: Pulley’s app and support end entirely.
January 31, 2027: the last date your company can access Pulley data in a limited format. After that, it’s gone.
Does this put my equity at risk?
No. Your ownership, whether that’s vested options, exercised shares, or unvested grants still on their vesting schedule, doesn’t change because a software vendor is shutting down. What’s at risk is access to the record of that ownership, not the ownership itself. That distinction matters, and it’s worth not conflating the two.
What will I actually lose access to?
Typically, your own login to the Pulley employee portal, once your company’s relationship with Pulley ends, whether that’s at the December 8 shutdown or whenever your company migrates elsewhere. What you were able to see there (your grant details, vesting progress, exercise history) doesn’t disappear from existence, but your direct, self-service view of it usually does, at least temporarily, and depending on what your company does next.
Whose decision is this, really?
Your company’s, not yours. Whether to migrate to Carta by November 30, choose a different provider, or do nothing and sort it out later is a decision made by your company’s finance or legal team. You typically have no vote in that process, even though the outcome affects whether you can easily pull up your own equity details afterward. That’s the actual gap this creates: your access depends on someone else’s timeline and someone else’s software choice.
What should you download right now, regardless of what your company decides?
A few specific documents, if you still have portal access:
Your grant agreement (or agreements, if you’ve received more than one)
Your exercise history, if you’ve exercised any options
Your vesting schedule
Any 409A valuation history connected to your grants
Confirmation of any 83(b) election you filed
Any board consents or approvals referencing your specific grant
Pull these now, while you still have a working login, rather than assuming you’ll be able to get to them later.
Why do these records actually matter later?
Because at some point, someone is going to ask you to produce them, and “I used to be able to see that in a portal” isn’t an answer that works. A financing provider evaluating whether to help you exercise options will typically want your grant agreement and strike price. An accountant preparing your taxes will want your exercise notices and any 83(b) confirmation. A potential buyer in a secondary sale, or your company’s own team during an acquisition, may ask you to confirm your vesting status and share count directly. Having your own copies means you’re not dependent on anyone else’s system working, or existing, when that moment comes.
What if I’ve already left the company and don’t have portal access anymore?
You’re in a slightly harder position, but not a hopeless one. Start with whatever records you already have: your original offer letter or grant agreement if you saved a copy, past tax documents (Form 3921 for ISO exercises, or the equity-related entries on old W-2s or pay stubs for NSO income), and any emails from your former employer about your equity. From there, reach out directly to your former company’s HR team or whoever currently manages their cap table, and ask specifically for a copy of your grant agreement and exercise history. Companies generally retain this information regardless of whether you personally still have portal access, since it’s their own record too.
Who should you actually ask, and what should you ask for?
Your company’s equity plan administrator, HR contact, or finance team, depending on how your company is structured. Ask specifically for: a copy of your grant agreement, your current vesting schedule, your exercise history if applicable, confirmation of any 83(b) election on file, and the most recent 409A valuation connected to your grant. Being specific gets you a faster, more complete answer than a general “can you send me my equity info.”
FAQ
Is my equity at risk because Pulley is shutting down? No. Your underlying ownership isn’t affected by a software vendor’s shutdown. The risk is to your visibility into the records, not to the asset itself.
Do I need to do anything myself, or is this entirely my company’s responsibility? The migration decision is your company’s. Downloading and keeping your own copies of your key documents is something worth doing yourself, regardless of what your company decides, since your access to the portal isn’t guaranteed to continue smoothly either way.
What happens if my company doesn’t migrate anywhere by December 8? According to Pulley’s FAQ, the app becomes inaccessible on December 8, though limited data access continues through January 31, 2027. What your company does after that depends entirely on their own choices, which is exactly why having your own copies matters.
I already left the company and don’t have login access. What can I do? Reach out directly to your former employer’s HR or equity administrator and request copies of your grant agreement and exercise history. Companies typically retain these records independent of your portal access.
Will my records look different if my company migrates to Carta? Possibly in display or terminology, but that’s typically a presentation difference rather than a change to the underlying data, according to Pulley’s own FAQ. If something looks materially different after a migration, it’s worth flagging directly rather than assuming it’s correct.
What to do next
The most useful thing you can do today is download the documents listed above while you still have access, regardless of what your company ultimately decides about migration. You can also use movewealth.io to model your own numbers once you have those documents in hand.
MoveWealth is not a broker-dealer, investment adviser, or lender. This is educational content, not financial, tax, or legal advice. Consult a qualified professional about your specific situation.