Why Can’t I Generate Form 3921?
Have you had any problems filing Form 3921?
The Form 3921 generates a form when a shareholder exercises the options issued to them. Check out our support guides to learn how to file and download Form 3921 on Eqvista.
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.
REASON 1
Note: You can add a shareholder while issuing shares, options, warrants or convertible notes by clicking the option “Add Shareholder”.
After a company profile has been created on Eqvista, you must add shareholders to your company profile. Check out our support article on how to create shareholders on Eqvista.
It is important to check if you have added shareholders to your company profile.
Here are the steps:
Step 1: Log into your Eqvista account and select the company profile. Then, click on “Shareholders” on the left-hand side of the dashboard.
Note: You must have a shareholder profile created. If there are 20 shareholders in your company profile and you want to add more, kindly upgrade your account.
Here you will see all the shareholders created.
REASON 2
The employees of your company are usually given options instead of shares. The option holder can exercise the options issued to them. Check out our support guide to learn how to exercise your options on Eqvista.
If the options issued to the shareholders and employees are not exercised by them. Then, you will not be able to generate Form 3921.
It is important to check if the options are exercised by the shareholder.
Step 2: On the dashboard, click on “Cap Table” on the left-hand side of the menu to get a drop-down menu. Here, click on “Secondary transactions” and you will reach the below page.
On this page, you will see all the secondary transactions – Exercises, Transfers, Note conversions, Repurchases, and Cancellations. Then, click on “Exercises” to check if the options are exercised by the shareholder.
For more information on Eqvista’s other features, check out our support articles or get in touch with us for further queries.
