Product Updates
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Introducing lapsed options management

EquityList Product Updates

introducing-lapsed-options-management

Introducing lapsed options management

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.

  • 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

Note: the platform will not automatically lapse units unless approved by an admin.