How to Full Vest Issued Warrants?
Having set up your Eqvista account and issued warrants, it offers the option of full vesting or accelerating vesting of warrants 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 Options can also be fully vested. Check out the support articles to learn how to fully vest issued equities and options.
Step 2: Once you select, you will be redirected to the following page.
Note: On this page, click “Create New Class” to create a warrant class and if one is created, you can issue warrants and implement a vesting schedule.
Then, click the warrant class created, a panel will appear showing the details of those who have been issued warrants from this class.
In this case, we will click “Common Warrants” and select the grant “CW-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 warrants vested is based on the entered fully accelerated date. The earlier the fully accelerated date, the larger the amount of warrants 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 Warrants 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 “CW-002” and you will be redirected to the warrant grant details page.
For more information on Eqvista’s features, check out our support articles or contact us today!
