Changes to cap table views and reporting in Carta LLC
Carta LLC has enhanced its reporting capabilities by incorporating the outstanding status of units into vesting fields, allowing for a more accurate representation of how transactions affect vesting quantities.
In the past, reports displayed cumulative vested amounts over time without regard for any transactions that may have occurred. Users will now see the quantities of vested units based on the current outstanding status of those units.
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What's changed?
The following table details changes to specific columns and their updated calculations.
Column | Description | Previously |
Outstanding Quantity | Although the definition of outstanding remains unchanged, some critical improvements to its calculation have been made to ensure that other values with outstanding quantities sum properly. | Units Outstanding Quantity Outstanding |
Outstanding Vested Quantity | The quantity of units which are both vested and outstanding, as of the report date Cap table views, Interests ledger export | Units Vested Quantity Vested |
Outstanding Time-only Vested Quantity | The quantity of vested units subject only to time vesting (service conditions) and which are outstanding as of the report date | Units Vested (Time Only) |
Outstanding Performance-only Vested Quantity | The quantity of vested units subject only to performance conditions and which are outstanding as of the report date | Units Vested (Performance Only) |
Outstanding Time-and-Performance Vested Quantity | Sometimes called “hybrid vesting,” the quantity of vested units subject to both time (service) and performance conditions, and which are outstanding as of the report date | Units Vested (Time and Performance) |
Outstanding Unvested Quantity | The quantity of units which are both unvested and outstanding, as of the report date NOTE: This quantity counts all outstanding unvested units, regardless of vesting type. Cap table views, Interests ledger export | Units Unvested Unvested Quantity |
Outstanding Time-only Unvested Quantity | The quantity of unvested units subject only to time vesting (service conditions) and which are outstanding as of the report date | Units Unvested (Time Only) |
Outstanding Performance-only Unvested Quantity | The quantity of unvested units subject only to performance conditions and which are outstanding as of the report date | Units Unvested (Performance Only) |
Outstanding Time-and-Performance Unvested Quantity | Sometimes called “hybrid vesting,” the quantity of unvested units subject to both time (service) and performance conditions, and which are outstanding as of the report date NOTE: This is not the sum of outstanding performance-only and time-only quantities. | Units Outstanding |
Total Vested Quantity | The quantity of vested units which have vested as of the report date, regardless of whether they are outstanding, canceled or forfeited Cap table views, Interests ledger export | Related to Units Vested or Quantity Vested |
Total Unvested Quantity | The quantity of unvested units which have vested as of the report date, regardless of whether they are outstanding, canceled or forfeited Cap table views, Interests ledger export | Related to Units Unvested or Quantity Unvested |