Here is the step by step guide on how to modify a vesting schedule.
Step 1: Login into your account on Eqvista and select the company profile that you want to modify the vesting schedule. From the company’s main dashboard, select the option “Cap Table” to have a drop down menu appear. From this menu, select the option “Vesting Schedules” as shown below.
Step 2: With this, you will be directed to a page where you can see all the vesting plans that have been created.
If you have not yet created a vesting schedule, check out the support article here to create it.
For being able to modify a vesting schedule, you need to have a vesting plan already created. Here is how the vesting schedule page would look like.
You can modify the vesting plan after it has been used for issuing shares to a shareholder. This can be done by editing the share granted to that shareholder. The next steps will tell you how it is done.
Step 3: On the page with the vesting plans, you will also be able to see the person who has been offered shares using one of the plans. Click on the share name that you want to edit as shown below.
Step 4: You will then be directed to a page where you can see all the details of the shares issued in the vesting plan and the vesting schedule of the shares underneath.
You can edit the vesting plan easily here by clicking on the button that says, “Actions”. With this, a drop down menu will appear with three options:
- Edit Grant
- Stop Vesting
- Delete Grant
Since you want to edit the vesting plan set for the grant, click on “Edit Grant”.
Step 5: By doing this, a pop-up window will appear as shown below.
Here, you can edit the part of the vesting schedule that you want changed. In this case, we changed the Vesting period from 48 months to 36 months and the cliff from 12 months to 6 months.
Once you have edited the details needed, click on “Save”.
Step 6: As soon as you click on “Save”, you will be directed to the grant page where you can now see the changes of the vesting schedule as shown below.
From this, you can edit any vesting schedule for your shares in your company.
If you want to know more or understand any other process in Eqvista, check out the other support articles here or contact us!