Vesting

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What are vesting templates?

Vesting templates are a pre-configured set of vesting timelines that make it easy to create vesting schedules on securities. To manage vesting templates, navigate to Equity > Configuration > Vesting Templates: AngelList Equity comes ready with commonly used vesting templates. It is also easy to build your own vesting templates.

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What are acceleration templates?

Acceleration templates are a pre-configured set of terms for how vesting should be accelerated upon certain conditions. Given that these terms are not standard, AngelList Equity does not come ready with acceleration templates. Contact your law firm to acquire the terms necessary to add acceleration templates. To manage acceleration templates, navigate to Equity > Configuration > Acceleration Templates:

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How are vesting and acceleration templates used?

1.) To record the vesting and acceleration terms on securities: You can add vesting and acceleration templates to securities by drafting or editing a security, then selecting the template from the drop down menu: Adding the vesting and acceleration templates generates the vesting schedule according to the vesting start date: 2.) To generate grant documents: You can automatically insert vesting schedules and acceleration terms into the grant documents generated by AngelList Equity by configuring them within your grant document templates. Learn more about configuring vesting and acceleration terms in grant document templates here.

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How do I create/edit a vesting template?

Navigate to Equity > Configuration > Vesting Templates, then click Add New. Complete the steps: Tip: to set vesting duration or cliff date to a partial year, use decimals. For example, an 18 month vesting duration would be “1.5”.

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How do I create/edit an acceleration template?

Navigate to Equity > Configuration > Vesting Templates, then click Add New. Complete the steps:

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How do I use vesting and acceleration templates when generating grant documents?

Learn more about configuring vesting and acceleration terms in grant document templates here.

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How do I amend or modify vesting on an active/outstanding security?

You may record a modification of vesting/acceleration on active/outstanding securities only after formally amending the security with the help of legal counsel. As a reminder, changes made in the online cap table do not change legal rights contained in underlying agreements.

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How do I change vesting on a draft security?

Open the draft security, and navigate to the tab containing vesting:

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What are vesting notifications?

They are automated congratulatory/informational emails sent to equity holders on the day their equity vests. These automated emails are turned OFF by default to ensure no emails are sent by surprise. Equity holders cannot choose to turn them on. Equity admins must turn them on. As of April 1, 2024, vesting event notifications can be sent for option grants. We are working to add vesting event notifications for other security types. Here is an example. The copy/contents are customizable for Scale Plan customers:

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How do I enable vesting notification emails?

By default, vesting notification emails are turned OFF. You do not need to take action to ensure they are not sent. To enable vesting notifications (steps to disable are here):

1. Navigate to Company Settings, and toggle on vesting notifications for your account. This is a company-level configuration. Doing so will not trigger any notifications:

2. Navigate to the option grant, edit it, and toggle on vesting notifications. Doing so will trigger notifications for future vesting events, but not previous vesting events:

Vesting notifications are triggered daily at 08:00 AM Pacific Time (PT). If the above steps are completed before that time, then the equity holder(s) will receive a vesting notification.

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How do I disable vesting notifications?

To completely disable all vesting notifications for all securities, 1. navigate to Company Settings, and toggle off vesting notifications for your account. This is a company-level configuration. Doing so will disable vesting notifications for all securities: To disable vesting notifications for individual securities, navigate to the security, and toggle vesting notifications off, then save. Doing so will disable vesting notifications for the one security: Vesting notifications are triggered daily at 08:00 AM Pacific Time (PT). If the above steps are completed before that time, then the equity holder(s) will not receive a vesting notification.

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How do I set custom vesting on a security?

For securities with unique vesting schedules, you can design a custom vesting schedule by navigating to the security’s vesting table, then clicking “Manually set vesting schedule”. To adjust a vesting tranche, click the triple-dot menu next to the tranche and select Edit. This feature is particularly helpful for accelerating vesting, applying performance or milestone criteria, or pausing a vesting schedule. If you need to modify the quantity of the vesting tranche, first change the “Number of units” and click save, then adjust the percentage and save again to ensure all changes are properly applied.