Content
FAQ
How to create a pool?
Go to Equity Plans > Pools & Plans page.
A pool (e.g. 1000 Common shares) should be created before plans (e.g. Options, Warrants) are added. You will also need to create the underlying share class before you can create a pool that uses it.
Note: When creating a pool the 'amount of fully diluted shares allocated for grants' is the number of shares allocated when the pool was first created - not necessarily the number of shares allocated as of today.
You can add separate pool increase transactions to reflect later increases that were made to a pool after it was created, to accurately reflect how your pool has evolved over time.
Click on the "Add pool" button in the top right corner and fill out the relevant fields. All Plans linked to a single pool will have the underlying share class defined at this stage (this can be changed at any point).
You can create multiple pools to accommodate different share classes.
It is optional to upload documents or add an internal note in relation to the pool creation. This can also be added at a later stage.
Click Save.
FAQ
What is the difference between Authorized capital and Reserved shares?
Authorized Capital: Shares that are authorized, but not yet issued in the company. They are included in the fully diluted column, but not in the issued or voting shares cap table columns. They will be issued when exercising grants from the pool.
Reserved Shares: Shares that have already been issued to a stakeholder and are now reserved for the pool. They will be transferred when exercising grants from the pool.
I have EMI and non-EMI plans for UK employees, as well as a Phantom plan for German employees. They draw from the same pool. How should I set up the Pool and Plans?
Pool: Since your employee plans draw from a single pool, you can create a single pool from Authorized Capital.
Plans: Plans are linked to the instrument (i.e. Grant Type: EMI, Option, Phantom). You can create three plans and indicate the same pool in the "From Pool" field. For each of the Plans, select the relevant Grant Type. Find out more here.
The total headroom of the pool can then be divided across the 3 plans in any way you wish.
My employee pool began with 5000 shares. An additional 1000 shares were added at the next fundraiser. How should I record this transaction?
Once your pool is created with 5000 shares, click the Three Dot button and select Increase Pool to add a date and amount for the increase. You can also decrease the pool, edit any details, or delete the pool entirely.
