EquityList Product Updates

Under Cap Table › Convertibles › Debentures, you can now record Compulsorily Convertible Debenture (CCD) issues, alongside ‘Convertible Notes’ and ‘SAFEs’.

Additionally, when adding a CCD, you’ll also see a new form layout that remains on a single page but is divided into clear blocks to cut data-entry errors.

Why it matters:

CCDs are common instruments for bridge financing. Capturing them in EquityList keeps dilution maths accurate and provides a clean, auditable certificate, removing the need for parallel spreadsheets or manual PDF edits.

A dedicated ‘Exercise Settings’ tab is now available under Company › Settings. It consolidates many rules that govern how—and when—employees can exercise their options, reducing manual overrides and audit follow-ups.

What’s included:

• Exercise payment-deadline rules: Set a hard calendar date or a rolling ‘N-day’ window, add a daily cut-off time, and decide whether employees can cancel exercise requests even after FMV is locked.
  
• Exercise payment-completion condition: Choose if employees can proceed to exercise e-signing
  • ‘On Transaction Success’: allows eSigning immediately after the payment gateway confirms, or
  • ‘On Payment Settlement’: allows eSigning only after funds are credited to your company’s account.
    
• FMV calculation method: You can now select the formula as
  • [Default] ‘Average of Opening and Closing Price’, or
  • 'Last Trading Day’s Closing Price’, or
  • A custom formula that matches your internal valuation policy.
    
• Employee payment notification controls: Toggle the payment-deadline banner (a notification banner on employee dashboard) and payment-reminder emails (automated emails to follow up with employees) on/off with a single switch to match your communication cadence.
  
• Offline payments: Choose whether or not you wish to allow offline payments for exercise requests, like cheques and challans.
  
• Bank-account routing: You can now select between using a single MID (Merchant ID) for both the exercise cost and perquisite tax or separate MIDs for both accounts.

Why it matters:

No two companies handle option exercises the same way. Our new settings let you control every step so the workflow fits your policy, not the other way around. Few cap-table tools offer this depth of flexibility, and it removes the need for manual fixes or maintaining multiple side spreadsheets.

We've upgraded the activity logs (Admin > Activity Log) to show you exactly what changed in each record update. This enhancement gives you precise visibility into all modifications made across your equity data.

How does it work?

• New ‘View Changes’ button: When reviewing the *Activity Log*, you'll now see a ‘View Changes’ button next to any update action. Click it to reveal a detailed comparison of what was modified.

• Chronological change history: The change history displays all modifications from newest to oldest, with each entry showing the date, time, and person who made the change.

• Field-by-field comparison: For each update, you'll see exactly which fields were modified and the specific before-and-after values (e.g., ‘Title’ changed from “ENG” to “Engineering” or ‘Passport’ changed from [blank] to “QWE 442321”)

[Note: This feature works for all new changes going forward. The historical records updated before this enhancement won't display detailed change information.]

For every ESOP scheme, we've introduced granular control over stock option expiry periods with the new configurable vesting leg expiry settings. This enhancement gives you more flexibility to define customized expiry rules both during employment and post-termination.

What's new?

• Vesting leg-based expiry at scheme level: You can now set a uniform expiry duration for all vesting legs across all grants within a scheme, establishing a consistent policy for when options expire if not exercised.

• Extended post-termination expiry options: While termination-based expiry rules have always been available, you can now additionally configure vesting leg-based expiry under these conditions, with the ability to set standard time periods like weeks/months/years.

• Tenure-based expiry calculations: Create expiry rules that scale based on employee tenure, such as:
  • 0.5x tenure for employees who served less than 2 years
  • 2x tenure for employees who served 2+ years

This feature lets you set up expiry rules at the scheme level that automatically apply to all grants, saving you from having to manually configure these settings for each employee.

[To find these settings, select any ESOP scheme - listed under ‘Equity Plans’ in Equity Awards > Grants - and edit the ‘Exercise Period’.]

What's improved?

Two-step login process with multiple options: The new login flow first asks for a user’s email address, then offers different authentication choices between:

• One-time password (OTP) sent to the user’s email
• Google account sign-in
• Single Sign-On (SSO) through the company's identity provider (like Microsoft, Okta)