If you are using Eqvista, you are already aware that you can issue shareholders with options instead of company shares. The best thing about this application is that you can manage your shareholders, common equity, cap tables and company filings in one place without any trouble.
Options are usually given to employees and shareholders of the company. The holder of the option can buy and sell the company’s shares. Check out our support guide to learn how to exercise your options on Eqvista.
With the new Form 3921 feature, forms are generated when options (ISO) issued are exercised by the shareholder.
Note: the Form 3921 feature is only available for premium account holders. Kindly upgrade your account to unlock this feature.
The company must file Form 3921 by the 31st of January.
Here are the steps to follow:
Step 1: Log into your Eqvista account and select the company profile to generate Form 3921.
On the dashboard, click on “Compliance” on the left-hand side to get a drop-down menu.
Step 2: Here you will see all the reports available. Click on “Form 3921” to create a form for the options exercised. From here, click on the button “Create Form” on the right-hand side of the page.
Step 3: Once you do this, you will be redirected to the next page where you can begin the process of creating a form. You begin by selecting the year from the drop-down menu. If you want to create a Form 3921 for another year, select the year and fill in the details.
Every year in which stock options are exercised will be displayed.
Step 4: After selecting the year, fill in the fields with details about the company, contact information, shareholders, and fair market value.
After filling in the details, click “Confirm” to go to the following page.
Step 5: Here, you can select the “Download” option to download the form or simply click on “Back” button.
Once you click “Download”, the form gets downloaded as a zip folder in your Downloads.
Step 6: Double-click the zip folder to open the Form 3921 report in PDF format that was downloaded.
In this case, there are two options. Double-click the PDF file to open the downloaded Form 3921 report.
Step 7: If you have clicked the “Back” button, you will be redirected to the below page. From here also you can download the form by clicking the “Download” button. Check out our support guide to understand the details of the downloaded form.