EquityList Product Updates

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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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:

• EquitySlips get generated on vesting events for both ESOP and SAR grants
• EquitySlips get customized with your company logo
• All grant-level values are fetched directly from the platform
• Depending on the vesting schedule of the grant (monthly, quarterly, or yearly), the slips will get triggered accordingly
• Employees can also find their EquitySlips in their employee dashboard

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.

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

What's new?

• Bulk upload shareholders: save time and instantly upload bulk shareholders in one go!
  
• Bulk upload of share certificates: bulk upload multiple share certificate information in one go!
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