What it is
Company admins can settle phantom units for cash on Carta. Choose how many units to settle and at what price, and the grant shows the running total settled, including partial settlements. Holders and admins see each grant's full settlement history.
Why it matters
Holders often settle phantom units for cash, and recording each settlement means every grant in your cap table reflects what has actually been paid out. Admins can also settle through the Cap Table Plugin in Claude.
How it works
Go to Manage equity, then Phantom equities, then choose Settle phantom equity. You can also choose whether settled units return to the equity plan.
Author: Webb Allen
Webb Allen leads the cap table product teams at Carta. He works across design, data systems, and platform APIs to deliver impactful user experiences for managing equity at scale. Prior to Carta, Webb managed the machine learning and optimization platforms at Marketing Evolution, and led investment research for the venture funds at Tremendous View and Landscape Capital Management.
