In the introductory course 1, we explained why it was necessary to create the following objects (accounts, securities, pools) before adding the transactions.
Adding a transaction will update the following items in your account:
- your capitalization table ✅
- your transaction ledger ✅
- the holder account is updated ✅
👉 It is therefore necessary to add transactions on Equify at the same pace as they occur in the life of your company in order to keep your accounts up to date and to have documentation that is always ready (due deal ready) and orderly (for a better internal organization).
💡In our example of awarding BSPCEs to employee Test Equify, we have created the following objects:
a title (BSPCE 2021), a pool (Pool BSPCE 2021), a holder account (Albus Dumbledore). We will now link them by adding the allocation operation!- The capitalization table has been updated ✅
- the Albus securities account has been updated ✅
- your transaction ledger has been updated ✅
Some examples of operations that you will be asked to add as you go along:
On the front line: classic shareholding
- Issue of new security: fundraising
- Transfer / sale transaction: transfer of shares between existing shareholders
- Conversion transaction: conversion of one security into another, change of name of a security
On the second line: a focus on equity awards
- Grant of security: decision to allocate new or existing securities
- Exercise : exercise of BSPCE, stock options or BSA
- Termination operation : departure of an employee and expiration of his unexercised shares (termination transaction)
On the third line: exceptional operations
- Subdivision: it was decided to multiply the number of outstanding shares in your company and to reduce their par value
- Buyback transaction : Repurchase transactions correspond to the company's repurchasing of its securities from Accounts.
- Cancellation Operation: You will need to set up a cancellation transaction in several cases (renunciation, capital reduction following the company's repurchase of these securities, or a material error).