Completing Milestones in vesting plans

If you have joined Eqvista to track and manage the shares of your company, then you know that it is very easy on the app. In the same way, if you have issued shares to an employee using a milestone vesting plan and they have completed a milestone, you can easily mark it as complete in the application so that the shares can be vested accordingly.

Not sure how to do this? The following step-by-step guide will help you.

Step 1: Log into your account on Eqvista and select your company account. 

Once you do this, you will reach the Dashboard of your company. Here, click on “Cap table” and then “Vesting and plans”. 

Step 2: With this, you will reach the following page.

Click on the name of the shareholder that you want to mark the milestone as completed. In this case, there is only one person who was offered the shares, which is “Steve Mark”.

Step 3: The moment you do this, you will reach the page where the issuance details will be displayed along with the vesting details. Click on the vesting plan name – which is “Adv – Milestone” in this case.

Note: You can also click the option that says “View Plan” in the initial step as shown below to reach the milestone plan directly.

Step 4: As soon as you do this, you will be directed to the next page where you will see the vesting plan details. Here, you can mark the milestone that has been completed as shown below.

Step 5: Click on the option that says “Complete” beside the milestone that you want to mark complete for this vesting plan.

Once you do this, you will be asked to fill in the date of when the milestone was completed. Add the date from the calendar option.

Step 6: Once you do this, select the date as shared below to finalize it.

If you want to cancel the process, you can also click on “Cancel” beside the date you just added. 

Below, you will be able to see the details of the person who was offered shares using the vesting plan. There will be a heading that says “Vested”. This will show you the number of shares that have been vested from the total number of shares offered. 

Step 7: Once you select the date, the milestone will be marked as complete as shown below.

Then, you will also see that the number of shares vested so far would increase as per the plan. Just like this, you will be able to mark the milestones in the vesting plan as complete. 

To know more about how to use Eqvista, check out the other support articles here!