- Select "Add Standard Schedule".
- Enter the data based on your stock option paperwork.
Standard Vesting Schedule
Upfront Vesting
You can define an upfront vesting amount or percent that vests on a custom date. For example, you can use this feature to give a new employee a sign-on bonus by immediately vesting a part of their option grant when they join.
To add upfront vesting, turn on the Upfront Vesting switch when you create a vesting schedule. Here, enter the number or percentage of quantity you want vested upfront.
Upfront vesting typically starts when vesting starts. You can also customize the upfront vesting date when you create a security.
Custom Amount Vested at Cliff
To add Custom Amount Vested at Cliff when creating a grant, turn on the switch in the vesting schedule area. Here, enter the number or percentage of shares you want vested at the end of the cliff.
3. Save
4. When you add the security, select a vesting schedule from the drop-down menu.
Custom Vesting Schedule
Time-based Vesting Schedule
Sometimes you need more than a standard vesting schedule with evenly spaced vesting tranches. LTSE Equity supports these custom vesting schedule:
Milestone-based Vesting Schedule
To add a custom vesting schedule based on time or milestones, select “Add Custom Schedule”. From there add the name of the schedule, and allocation type. The allocation type will determine how rounded shares are distributed during the term of the schedule. You can also add a comment as well if you would like.
Below the comment section you can toggle between the traditional time based schedule or you can select the milestone based schedule.
When you select the milestone based schedule, you will then be able to add your milestones and at what percentage they will vest. To add new milestones or tranche, click the “Add Tranche” button at the bottom of the table. You will see the “Total Percentage” counter at the bottom of the table. You will not be able to hit submit until the percentage reaches 100% and the checkmark is green.
- When you add the security, select a vesting schedule from the drop-down menu.
Please note: In order to successfully import your cap table via Bulk Import Method, ensure that all your vesting schedules were entered first.
Custom Vesting Timeline
Sometimes you need to update an existing standard vesting schedule. You can change the vesting amount or date.
Navigate to the grant itself, then click on Vesting schedule, then Custom vesting timeline
Make the appropriate changes to the date or amount vested.
Please note: In order to successfully import your cap table via Bulk Import Method, ensure that all your vesting schedules were entered first.