EquityList Product Updates

We’ve released a slick new version of our buyback flow.

Find it under Equity Awards > Buyback Programs.You can now:

• select an appropriate settlement method for your buyback program -
  
  Recycle method will allow you to recycle the surrendered units back to the respective options pool for future issuance.
  
  Extinguish method will cancel the surrendered units, effectively shrinking the pool size on your cap table.
  
• easily track the progress of your buyback program with the new user interface which highlights key metrics for requests and budget.
• bulk upload buyback requests and send invitation emails to employees.
• see all surrender requests related to buyback on the same page.
• create, issue, and execute surrender letters to employees who participated in the buyback.

With this revised buyback flow, you can run your entire buyback on EquityList without having to manually distribute surrender letters or make changes to your cap table.

We’ve updated the design of the default EquityList grant letter template so that it looks less like from 2012 and more like from 2024!

Note: When creating a new ESOP scheme, the new grant letter template is selected by default, with the name ”EquityList Standard Template”.

You also have the option to create and store your own custom-designed grant letter templates.

Previously, we were working with an external eSigning vendor to create electronic signatures on documents/agreements generated through the EquityList platform.

But that came with its limitations of customization, performance issues, and user experience…

…so we took it in our own hands and built the eSigning capability in-house!

Now we have even more control over the data (and its security) that is stored or created through our platform.

What does this mean for you?

• All documents eSigned on EquityList will now be affixed with a Signature Certificate.
• No more eSign token expiry, employees can still execute grants older than 90 days.
• A compliant electronic signature for executing your documents.

Rearranged items in ‘Cap Table’ for easier access and logical flow:

• You will now find Share Classes, Share Certificates, and Shareholders items combined under a single page called ‘Shares’.
• Similarly, Convertible Debt and SAFEs are now under a single page called ‘Convertibles’.

Updated how currency amounts are displayed on the EquityList platform:

• When a user selects a currency format, all amounts will follow the related international standard e.g. one million will be displayed as  ₹10,00,000 (India) and $1,000,000 (US)

As our customers keep introducing different types of equity awards for their employees, contractors, and advisors - we decided to shuffle around the interface to make your grant management experience seamless.

Now find your ESOP, SAR, and RSU grants under Equity Awards >> Grants. Seamlessly switch between tabs to manage your different equity pools and their respective grants.

You can now also apply quick filters to your grants to better slice through hundreds of grants across various stages: Draft, Executed, Expired, and more.

In our perennial quest to help employees better understand the value of their equity grants, we have made the Employee Dashboards much more empowering and comprehensive!

• Options summary: a complete summary of the awarded grants and units.
• More metrics: vesting completion rate, realized units and value (from buybacks and secondaries), company ownership, and more.
• Value graph: an interactive graph for better visualization of the growth in employee’s equity over time, accounting for both realized and unrealized value creation across future vesting, exercises, and buyback events.

We have been receiving phenomenal feedback for the new employee dashboards and are excited to have you go and check them out!