How to Full Vest Issued Options?
After creating your company account in Eqvista, you must have added shareholders and issued options.
It is possible to fully vest or accelerate the vesting of options that have been 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 “Options”.
Note: Equities and Warrants can also be fully vested. Check out the support articles to learn how to fully vest issued equities 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 option class and if one is created, you can issue options and implement a vesting schedule.
Then, click the option class created, a panel will appear showing the details of those who have been issued options from this class.
In this case, we will click “Option Pool 1” and select the grant “OP1-002”.
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 options vested is based on the entered fully accelerated date. The earlier the fully accelerated date, the larger the amount of options 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 Options page under Securities, the shares after accelerating vesting are still “Active” and you can perform all the actions – Edit grant, Exercise to equity, Repurchase grant, Cancel grant, and Delete grant similar to normal grant.
To perform any action, click on the grant name “OP1-002” and you will be redirected to the option grant details page.
To know more about Eqvista’s processes, check out our support articles and knowledge base. For further queries, get in touch with us!
