With the help of Eqvista, it is easy to implement a vesting schedule for equities in the Spreadsheet view. To make things easier for those who need some help, here is a step-by-step guide on how to apply/implement vesting schedules for equities in the spreadsheet view.
Please note: the Spreadsheet feature is only available to Premium account holders. Please upgrade your account if you want to unlock this feature.
Step 1: Log into your Eqvista account with your credentials and select your company profile to reach the dashboard. Now, click on “Cap table” from the left side menu. There, you will find the “Spreadsheet” feature as highlighted on the page below.
Step 2: Click on “Spreadsheet” and a page will open for you as shown below. Under “Select Table Type” on the right-hand side, select the “common equity grant”.
Step 3: Under the “Manage Company Common Equity Grants” page, you can add a new shareholder, equity class, grant name, share amount, share price, and other vesting details. The vesting section has three subcategories. The first one is “vesting” which tells whether the shareholder has vesting or not, next is the “vesting plan” wherein you can choose the general time-based plan and the last one is “vesting start” wherein the starting date of the vesting plan is entered.
Note: Before you can choose a vesting plan for a shareholder, you must create a vesting schedule first under “Vesting and plans”. To learn how to do this, please see our support page on implementing a vesting schedule.
Step 4: Enter all the details and click on “Check data”.
Step 5: After your information has been checked, two things can happen: either you can now save the information to your company profile, or some information may be missing or incorrect. Once the information has been checked/edited, click on “Save”.
Step 6: After data processing, the vesting details will be added to the spreadsheet under the “common equity grants” table as shown below.
Similarly you can apply the vesting details for preferred equity grants and option grants under “Select Table Type”. Check out our other support articles on how to use the spreadsheet feature for shareholders, common equity grants, preferred equity grants, and option grants. If you want to know more about our service, please don’t hesitate to contact us.