You asked for it and we made it happen!
Employees can now easily switch between their desired currency preferences on their dashboards.
While it’s still possible to set a default currency setting for your employees from your company dashboard settings, employees now get the added ease of switching between currencies seamlessly.
This is a big upgrade from the earlier experience of uploading signatures for bulk executions.
We have a new e-signature uploader with better UX. You can now quickly resize your e-signatures with better aspect ratios without worrying about resizing them yourself!
Making customer support easier
Intercom in-app chat is now embedded in our web app for easier and quicker interaction with our support team! Stay tuned for feature releases and easier FAQ support directly through Intercom.
Improving admin controls to manage access
You can now grant ‘cap table’ only access to your team. With this permission, they could only view and perform actions on the company’s cap table, shareholders, and data rooms.
Admins can now view historic versions of their cap table based on dates and funding rounds!
It’s never been easier to navigate through complex cap tables and view historic versions at a click. You can track all your prior convertible securities, secondaries, and ownership changes.
Note: Funding rounds need to be mapped accurately to share classes and transferred share certificates for you to view the historic version. You can reach out to us in case of any assistance.
We're excited to announce maker-checker workflow as an enhancement to issuing stock option grants to employees and advisors!
This feature provides an additional layer of security and accuracy to ensure that all grants are reviewed by an authorized signatory before their execution and issuance.
This new flow makes it extremely easy for authorized signatories (founders and executives) to execute option grants with an inbox notification.
We have added new enhancements to ESOP and SAR reports, sharing more data and detailed information with you!
Reports with enhancements:
Additionally, company admins will now receive Grant and Vesting reports directly in their inboxes when they click on export options.
You can now download an SH-6 report directly from your dashboard.
When granting ESOPs to your employees, Indian companies need to maintain a Register of Employee Stock Options. This register contains the details of the employee name (holder), grant ID, number of options granted, date of options vested, exercise period, and more.
Please note: This is a statutory requirement under the Companies Act of India, making it mandatory for these registers to be maintained. Your secretarial team can now easily download the SH-6 report with all the mandatory information pre-filled, sharing hours of reconciliation and coordination!
What's new?
Admins can now select the preferred settlement option for their SAR pool. Choosing ‘share- based' settlement will now impact your fully diluted cap table, whilst cash won’t.
Company admins can now easily regenerate vesting for grants in bulk.
Improving management of stock appreciation rights (SAR)
We released new features to elevate your SAR management experience on EquityList:
Employees will now receive EquitySlips on completing either a time-based or a performance-based vesting event.
Vesting events signify a considerable milestone in the employment journey but often go unnoticed and un-celebrated. Many companies report that employees mostly lose track of their vesting cycles and thus aren’t able to appreciate their value.
Introducing EquitySlips: Employees will now be notified over email upon completing both time-based and performance-based vesting events, breaking down the number of units vested on a particular date along with their estimated values:
We further intend to add insightful information on these slips to keep employees informed about the performance of their grants. More updates on this soon.
Admins can now mark grants as lapsed for terminated employees post their expiry without the EquityList team’s assistance!
You can also track upcoming expiry for terminated employees due to time-based or event-based expiries (ie - board approval, not participating in a liquidation event, etc) and lapse the vested units that haven’t been exercised.
Note: the platform will not automatically lapse units unless approved by an admin.
Startups managing their ESOPs on EquityList can now directly download ESOP Expense Reports following the graded-vesting method.
Startups managing their ESOPs on EquityList can now directly download ESOP Expense Reports following the graded-vesting method.
Equity Grants --> Report --> ESOP Expense Reports
Startups registered in India should comply with Indian Accounting Standard 102 (IndAS 102) to report ESOP expenses as recommended by the Institute of Chartered Accountants of India (ICAI). IndAS 102 establishes uniform accounting principles and practices for all types of share-based payments toward employees and non-employees for Indian companies.
As options/shares are usually granted to employees across a graded vesting schedule, this report needs to account for the cost incurred by the company for each vesting group.
Custom exercise period
When terminating an employee, the platform will prompt you to add the exercise period if you haven’t set one by default. You can add an Exercise Period on both the scheme level and on a grant-by-grant basis in case of any exceptions.
Better conversion for CCPS and equity
CCPS is a type of preferred share/stock that gives holders the option to convert their preference shares into a fixed number of equity shares of the issuing company after a specified date.
You can now add up to 6 decimal places for CCPS:Equity ratio when setting up a new share class.
We’re excited to roll out a fresh new coat of paint to make the employee experience a whole lot better!
Improving admin activity controls
Company admins can now easily visualize their overall activity across equity grants, cap table, data rooms, investor updates, and more.
We have currently released a beta version and have focussed on Equity Grants, Investor Communication, and Data Rooms for the time being.
We plan to add a lot more insightful graphs and metrics in the coming days to empower your equity management oversight and decision-making.
Company admins will now receive a monthly update summarising the overall activity of their company account, right in their inbox!