Stakeholders and securities
Add stakeholders and share classes, then record shares, options, RSUs and warrants as issuances, and cancel, exercise or delete them.
On this page
Three pages hold the building blocks of your cap table: Stakeholders (who), Share classes (what kind of stock) and Issuances (who holds how much of which class). An issuance needs both a stakeholder and a share class, so create those first.
Stakeholders#
A stakeholder is anyone who holds or may hold equity: a founder, employee, advisor, investor, or an entity such as a fund. Add stakeholder asks for:
- Full name, required, up to 120 characters.
- Email, optional.
- Type: Founder, Employee, Advisor, Investor or Entity / fund.
- Notes, optional.
The list filters by type, searches by name or email, and shows fully diluted shares, ownership percentage and number of grants. Select a row to see holdings with vested amounts and any SAFEs or notes not yet converted.
Import founders from team runs the same Quick start as the Overview page: it adds a founder stakeholder for each team member who is not listed yet and also creates Common Stock and an empty option plan if you do not have them.
Deleting a stakeholder permanently deletes everything they hold, including their grants and outstanding SAFEs or notes. The confirmation dialog tells you how many.
Share classes#
New share class offers presets (common, seed preferred, Series A preferred, capped participating preferred) and these fields:
| Field | Applies to | Meaning |
|---|---|---|
| Name | All | Up to 80 characters, unique within your company. |
| Kind | All | Common or Preferred. |
| Authorized shares | All, optional | The limit your charter sets for this class. |
| Original issue price | All, optional | Used as the amount invested per share in the exit waterfall. |
| Liquidation preference | Preferred | A multiple of the investment, where 1x returns the money first. |
| Participation | Preferred | None, full, or capped at a multiple of the investment. |
| Seniority | Preferred | Higher numbers are paid first; equal numbers share pari passu. |
| Conversion ratio | Preferred | Common shares received per preferred share. |
Common has no preference and is paid last. Each class card shows issued against authorized shares. A class that issuances use cannot be deleted. The class terms drive the exit waterfall and the class you pick when you close a round.
Issuances#
An issuance is one grant. Add issuance takes these fields:
- Holder, Type (Shares, Stock option, RSU or Warrant) and Share class. For an option, the class is what it becomes when exercised.
- Quantity, a whole number above zero.
- Price per share. For options this is the grant price; leave it blank for shares that cost nothing.
- Strike price, required for options and optional for warrants. Options also take ISO or NSO. The form warns if the strike is below the latest 409A value.
- Option plan, for options and RSUs. Choosing a plan draws down its pool, and the form refuses a grant larger than the shares left. Grants with no plan do not touch the pool.
- Issue date, and for options and warrants an expiry date.
- Vesting: start date, period in months (0 to 240, where 0 means fully vested at issue), cliff, vesting interval (1 to 60 months) and acceleration (none, single or double trigger). Two buttons set "4 years / 1 year cliff" or "No vesting", and a line under the fields previews the schedule. New shares for an investor or entity default to no vesting.
The form does not check against your authorized shares. The Share classes and Settings pages show a warning when issued or fully diluted shares exceed what is authorized.
The row menu on each issuance offers:
- Edit.
- Mark exercised, for an active option. It becomes issued shares of its class and counts as outstanding from now on.
- Cancel grant. The units stop counting, and plan grants go back to the pool. Reinstate reverses it.
- Delete. This removes the record for good; the Activity log keeps a copy of the deletion.
The page filters by type and status and searches holder or class. See Option pool and vesting for how vested amounts are worked out.