As a company administrator, you have been getting emails when stakeholders report issues about their holdings. Now, we aggregate reported issues in one place and allow you to “Resolve” or “Dismiss.” Under the company drop-down, you will find a new section called “Reported Issues.” This will take you to the ledger of reported issues.

When you resolve an issue, add a note to send back to the Stakeholder. You may also choose to dismiss the issue, which will prompt you to enter a note for the reporting stakeholder.

This feature is being rolled out in Beta this week. If you have feedback, please reach out to product@carta.com.

If you are a company or legal administrator, you will now be asked to add a board member to the company’s account during onboarding.

Why add board members during onboarding?

Board members are one of the most important stakeholders of a company. At Carta, we’ve built some features around board management and governance that make it easier for board members to streamline all their processes on Carta. For example, Carta makes equity grants even more efficient for board members by allowing board consents to be drafted and approved so that you can issue option grants to stakeholders without waiting for the next board meeting.

There is a new task in the Onboarding Setup Guide that requires companies with less than 25 stakeholders to add a board member to their account before going live.

If you’re a law firm user onboarding a company to the free Carta Launch Plan, you will see the same task in step 3 of the Launch Setup Guide.

When the company’s board members are added to the account, they will immediately be sent an email asking them to create their account and login. By default, board members will be added to Account Users but will not have access to view the company’s cap table unless you modify their level of access by visiting Account Users.

We believe it is valuable for companies to add their board members during their initial implementation. Capturing data and information early on will ensure the company is set up for success when utilizing Carta and realize the full benefits of our platform.

If you have any questions about Carta’s board management and governance features, please send a note to growthproduct@carta.com

Learn more about creating board resolutions on Carta >

We’ve made it easier to add multiple resolutions into one board consent document. Going forward, you can add as many resolution templates into the consent editor as you need.

To add a new resolution template to a consent, open a draft consent and click on the “X” icon. Choose “resolution template”:

From here, you can drop in any template that you have saved:

Once a template is selected, it will populate into the consent document:

We hope this helps make drafting board consents easier and more intuitive!

We have added functionality to facilitate the capture of stock option trades for public companies that occur with other brokers.

If you are a public company on the platform and have executives that trade via other brokers (through 10b5-1 plans or other trades) we now have an administrator-facing tool to enter in trade executions for stock options. The functionality allows for the calculation and adjustment of tax withholding information, and flows through to Carta’s reports. Additionally, reporting is available to assist your company in settling the off-platform trade with your executive’s external broker.

Upon selecting “Off System Transaction” at the employee grant level, administrators can now enter in trade execution information related to stock option transactions executed outside of Carta.

Selecting Off System Transaction brings you to the exercise information screen:

Taxes will be calculated based on the inputted trade information, and can be reviewed and adjusted if necessary.

Upon reviewing and approving, the transaction information will be stored as an off-system transaction, and the options available for exercise will be adjusted accordingly.

To help streamline the ASC 820 valuation process and eliminate duplicative work, we’ve released a new feature within our ASC 820 valuation tool that lets you create a new valuation using the assumptions from a previous valuation or copy the assumptions from a scenario.

When modeling out the valuation, you may wish to create a new scenario with the same assumptions from a previously created scenario. To do this, navigate to the scenario you wish to copy and select ‘Copy scenario’.

Once copied, you will see a new scenario appear with the assumptions prepopulated.

You may additionally wish to use the same valuation assumptions year over year. To do this, select ‘Create valuation’.
Enter in the new valuation date, select the cap table you wish to use, and then select the valuation from which you would like to copy the assumptions.
Once the valuation is created, you will see the new valuation on the Valuations ledger.

The Design Technology team at Carta is updating the top level navigation of our app, to benefit from the latest Ink Design System improvements.

With this architectural change, user experience will be more consistent, future design improvements will be easier, and we will be able to better support our future product roadmap.

There will be minor changes to visuals and interaction. On the visual side, the text is now bolder and more legible. On the interaction side, menu items will now open on click, instead of on hover.

Note: there is no change to menu items or to the way you get to different corners of the app. This update is unrelated to the navigational structure of our site.

For feedback, please reach out to design-technology@carta.com.

If you oversee the management of your company’s equity plan or you’re a law firm user helping a client understand their equity plan, we are excited to announce that we have a new Equity Plan Balance Report available via request today.

We’ve made a couple of key changes in the new report:

• Run one report for multiple equity plans: Get a high level view of how issuing/amending multiple plans affect available equity.
• Audit how shares and grants “pour over” from one plan to another: Track how shares and grants are moving between plans as they are canceled or issued so you know exactly what’s available from a plan at any given day.
• See a summary of how amendments and new issuances affect plan size: Track changes to plans as your company chooses to amend or create new plans with varying terms.

As one of the most downloaded report on Carta today, we believe this report will help companies and their law firms understand their current equity plan and plan for the future as business needs evolve.

This report is currently in closed beta. If your Carta subscription includes reporting features, this report is available for your use upon request. To gain access, please send a note to angela.jo@carta.com

For investors, we’re excited to bring updates to the iOS app, which now showcase the same great portfolio companies’ summary info that you’ve seen in the web experience.

Depending on the level of access for your account, you’ll see data, including:

• Investment cost
• Value of the holdings
• Gain/loss calculations
• First holding date
• Gross IRR
• Gross return multiple
• Ownership percentage

In the coming weeks, stay tuned for more updates as we improve the investor experience within the iOS app.

Don’t have the app yet? Get it now!

We’re excited to announce our enhanced exercising flow coming early next week!

The updated in-product experience aims to help employees feel more confident throughout the process and reduce the finance and HR team’s burden of managing (and answering questions about) option exercises.

To begin, your company must have online transactions turned on in Carta. Once they do, all you need is:

• A US bank account
• ISO, NSO, or ISO/NSO split grants that are vested

As part of the update, we’ve added an Exercise button directly on the Holdings page, under the new vesting chart. Click on the button to begin.

Once you’re ready, Carta will guide you through a step-by-step process that includes:

• The ability to select which grant and how many shares to exercise
• Estimated tax breakdowns to help you understand your obligations at the time of exercise and the end of the fiscal year
• In-flow profile and payment management to streamline the exercising experience without friction
• Autofilled 83(b) election form for employees who early exercise
• A clear timeline of next steps you should look out for before the shares are in your portfolio

Have more questions about your equity? Click here to learn more >

We’re releasing a new vesting report for ISO, NSO and split grants! It lives under the Capitalization section of your Reports page.

In this update, we’ve introduced:

• A vesting report for ISO, NSO and ISO/NSO split grants
• Added a ISO/NSO column for the Exercised and Settled report

On top of that, we allow companies to generate the report for all their employees or for an individual.

Read more on Carta’s reporting capabilities >