EquityList Product Updates

• Clean UI and platform experience, easier to navigate
• Actions Board added to highlight any pending actions from an employee’s end or important company notifications
• Enhancements to data validations when submitting a new Exercise Request
• Revamped ‘Value Calculator’

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.

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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.

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.
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• Lapsed units go back into the pool and the active grant gets canceled
• Employees now get an email when marked ‘terminated’, listing all their active grants and their corresponding expiry period
• Upon ‘lapsing’ of units by a company admin, all the admins get notified along with the employee with an intimation of the same
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Note: the platform will not automatically lapse units unless approved by an admin.

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We released new features to elevate your SAR management experience on EquityList:

• New permission level for a SAR Manager: now invite team members to only manage SAR plans and grants.
  
• Add units-to-share ratio in your SAR pool: Like other option plans, you can now add units-to-share ratio to increase the number of units in the SAR pool.
  
• Bulk upload SAR grants: You can now bulk upload multiple SAR grants at once via a CSV sheet
  
• Grant Letters now mention the role: Many startups are issuing SAR grants to employees, advisors and contractors. SAR grants will now mention the designated role of the recipient