EquityList Product Updates

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.

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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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.

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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• 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’

• You can now use the admin activity log to audit and investigate admin-related events
• View records of actions performed by individual admins across different suites with corresponding time stamps
• Apply admin-wise filter and export as a .csv file