Create Secondary Transaction Reports on Eqvista

Just like you need a report to show all the primary issuances in a company, you need a report for all the secondary transactions that have taken place in your company. So, to make your life easier, Eqvista has added the option for creating this report using the application.

Here is how to get the secondary transaction report.

SECONDARY TRANSACTION REPORT

But before we can talk about extracting the secondary transactions report on Eqvista, let us understand what the secondary transaction report is about and what you will get from it.

WHAT IS A SECONDARY TRANSACTION REPORT?

The Secondary Transactions Report includes all the secondary transactions (transactions after issuance) of the company. In short, this report will have all the details of the exercises, transfers, repurchases, conversions, and cancellations. This is an important report to help you make the next decisions in the company, including the exit and IPO decisions.

CREATE SECONDARY TRANSACTION REPORTS ON EQVISTA

Obtaining a secondary transactions report on Eqvista is quite easy. Here is a step-by-step process to get it:

Step 1: Log into the app, and select your company account to get to the dashboard. 

On the dashboard, click on “Reports” on the left side to get the drop-down menu and select “Secondary Transactions”.

Step 2: Once you do this, you will see the report information show up which says, “This is Secondary Transactions Report includes all the secondary transactions (transactions after issuance) of the company.” It also lets you know what details would be in the report. The report holds the following details:

• Exercises
• Transfers
• Repurchases
• Conversions
• Cancellations

To download, click on the “Generate Report” button.

Step 3: By clicking on this button, the report will be downloaded as an Excel sheet in your Downloads. 

Step 4: Double-click the Excel sheet to open the downloaded report (you can also open it from the download folder in your system) the document will open. 

When you open the report, it will have six sheets with details on all the different kinds of secondary transactions.

The first sheet is just like a cover that tells you what the report is about and what you will find in it, with the company name. 

The remaining five sheets include details about:

A. EXERCISES

To view the next page, click on the next sheet “Exercises”. Here, you will be able to see all the details of the exercises that have taken place in the company. When options are converted to equity, we say that the options are exercised and that is what you will see here.

You will see the details of all the exercises here. The details would include the shareholder who has had their option exercised, the security in which the shares are now, the grant name, the number of shares, the price per share, the capital, and the exercise date.

B. TRANSFERS

The next sheet shows all the transfers that have taken place in the company. To view this, click on “Transfers” at the bottom of the sheet. 

Here you can see all the share transfer details of the company. The information would include the grant name, transferred from, transferred to, the number of shares, the price of the shares, the capital committed, and the transfer date of the shares.

C. REPURCHASES

The next sheet will show the repurchases that have taken place in the company. For this, you need to click on the “Repurchases” tab at the bottom of the sheet.

Here you will see all the repurchase details in the company. The information in this sheet would include the grant name, shareholder name, security name, number of shares, price per share, capital committed, and the repurchase date.

D. CONVERSIONS

The next sheet details all the conversions in the company. Conversions here are when the debt securities are converted to equity.

Here you will be able to see the details of the conversions including the shareholder’s name, note name, grant name that it was converted to, number of shares it converted to, effective price at the time of conversion, capital committed, and the conversion date.

E. CANCELATIONS

The last sheet of this report will show you all the cancelations made in the company. To view this, click on the “Cancelation” at the bottom of the sheet. 

Here you will see all the information about the cancelations that have taken place in the company. The details would include the name of the shareholder, the security, grant name, the number of shares, price per share, capital committed, and the cancellation date.

In short, the secondary transactions report will give you a detailed overview of all the secondary transactions in the company as shown in the example above.

Just like this, you can now use Eqvista to get your company’s secondary transactions report. To know more, contact us today or check out our support articles here!