How to Full Vest Issued Equities?
On Eqvista, you must have added shareholders and issued shares after creating a company account.
There is an option of full vesting or accelerating vesting of shares issued to shareholders.
Here are the steps to follow:
Step 1: Log into your Eqvista account and choose the company account.
On the dashboard, click on “Securities” on the left-hand side to get a drop-down menu and select “Equities”.
Note: Options and Warrants can also be fully vested. Check out the support articles to learn how to fully vest issued options and warrants.
Step 2: Once you select, you will be redirected to the following page.
Note: On this page, click “Create New Class” to create an equity class and if one is created, you can issue shares and implement a vesting schedule.
Then, click the equity class created, a panel will appear showing the details of those who have been issued shares from this class.
In this case, we will click “Founders” and select the grant “F0-003”.
Step 3: You will be redirected to the grant details page below. Here, click on “Actions” and then from the drop-down menu, click on “Full Vesting”.
Step 4: By doing this, a window will appear where you can begin the process of full vesting. You begin by selecting the fully accelerated date.
The amount of shares vested is based on the entered fully accelerated date. The earlier the fully accelerated date, the larger the amount of shares vested.
Once you have done this, click on “Accelerate Vesting”.
Step 5: The impact of accelerating the vesting of shares can be seen in the vested schedule. The accelerated shares are labeled “Accelerated” as shown below.
Step 6: On the Equities page under Securities, the shares after accelerating vesting are still “Active” and you can perform all the actions – Edit grant, Transfer shares, Repurchase shares, Cancel grant, and Delete grant similar to normal grant.
To perform any action, click on the grant name “F0-003” and you will be redirected to the equity grant details page.
If you want to further understand how to use the Eqvista application, check out our support articles or contact us today!
