There are six different pre-set vesting plans offered by Eqvista to save time. In addition, you can also create a new vesting plan. 

Here is one such basic vesting plan:

Step 1: Log into your Eqvista account and select the company account to view the vesting plan. On the dashboard, click on “Cap Table” on the left-hand side to get a drop-down menu. Then click on “Vesting and plans” to view already pre-set plans available that would save time.

Vesting and Plans

Step 2: Apart from viewing existing pre-set plans, click on “New Vesting Plan” to create a new plan and if you have created one, you will see them there.

Check out our support guide to learn how to create a new vesting plan on Eqvista.

New Vesting Plan

Step 3: Once you click “View Plan”, you can get the overview of the plan along with details such as name, type, created at, and description

Note: If you want to edit the plan, you can modify the plan by clicking “Actions”. Check out our support article on how to modify the vesting plan on Eqvista.

Vesting Plan Details

The description includes details for vesting plan 1/48 monthly, no cliff as an example:

  • Vesting Period (months): After a period of 48 months, the shareholder gets complete ownership of the asset.
  • Cliff (months): There is no cliff period for the shareholder to get the first portion of the share.
  • After Cliff, vest every (months): After 1 month, the next portion of the asset will be given to the shareholder. 

Step 4: The vesting schedule can be implemented while issuing equities, options and warrants by clicking “Yes” for if you need a vesting schedule and selecting the plan. 

Note: You can add a vesting schedule while issuing shares, options and warrants. Check out the respective support articles to learn about this.

Vesting Date and Restrictions

After selecting the plan, choose the vesting start date and any restrictions for issued equities.

Note: If you have issued equities, you need to choose Restrictions – No restrictions, Restricted Stock Units, Restricted Stock Awards and Phantom Stock. Check out the respective support articles to learn about this.

Step 5: On the vesting and plans page under Cap Table, you will see all the grants that are vested under the plan based on the type of security – Equity Grants, Warrant Grants and Option Grants. Then, click on “Equity Grants” to see the details of the grant vested under this plan.

Equity Grants

Step 6: To see the vesting schedule of the plan, click on the grant nameF-006” and you will be redirected to the equity grant details page with the vesting schedule.

vesting schedule of the plan
vesting schedule

Step 7: The vested equity grant can also seen by clicking “Securities” on the left-hand side to get a drop-down menu. Then, click on “Equities” and you will reach the page with the vested equity grant under the plan.

vested equity grant

In addition to the above-discussed plan, the following five plans have similar procedures: vesting plan 1, vesting plan 3, vesting plan 4, vesting plan 5, and vesting plan 6.

To get started, contact us right now to learn more information about Eqvista’s other features and also check out our support articles and knowledge base.

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