Step 1: Log into your account on Eqvista and select the company profile. From here, you will be directed to the dashboard of the company where you can then begin the process.
When you reach the dashboard, click on “Cap table” from the left-hand side panel for a drop-down menu to appear. Here, select the option “vesting and plans”. Once you do this, you will be directed to the next page as shared below.
On this page, you will find all the vesting schedules that have been created in your company along with the use of any schedule for the issuance of shares to any shareholder.
Note: Just to be clear, you do not need to create a new vesting schedule for RSAs if you already have vesting schedules prepared as per your plan. You will place the restriction of the RSU when you are issuing the shares to the shareholder.
But in case you want to use a new vesting plan, you can create a new vesting plan by clicking on the “New Vesting Plan”. Here is a create a new vesting plan here!
Step 2: Once you have the vesting plan ready, you need to begin the process of issuing shares to the shareholder from where you can choose the vesting plan. For this, you need to click on “Securities” and then on “ Equities”. From here, click on the equity class you want to issue shares from on this page and then on “Issue shares” from the top right side of the page.
You will then be redirected to the page where you need to select the shareholder and then begin the process of issuing the shares to them. Once you are issuing shares and apply the vesting schedule to the share certificate, you can select the option of the vesting restrictions.
Note: To find out how to issue shares, check out the support article here.
As soon as you select the vesting schedule name as shown below, some additional options would appear.
These additional options will include the vesting restrictions and vesting date. The vesting restrictions section is where you add the restrictions of RSU on the vesting plan you are using.
Once you have selected the options, click on “Submit” and your share issuance will be completed.
Step 3: As soon as the shares have been issued, you will be directed to a page that shows the equity grants from the equity class you just issued from. Select the share certificate name as shown below.
Step 4: When you click on this, you will be directed to the page where you can see all the details of the issuance you just made along with the vesting schedule details. You will also be able to see the type of restriction placed on the vesting plan is “RSU”, as shown below: