Create common stock

In your new cap table you will notice that Diligent Equity has created a round of Common Stock with a Founders Issuance. This is place holder data to get you started. Update the Common round details to align with your organization and cap table

1. Go to the Securities Section in the navigation side bar and select Shares.

   The drop down menu opens to the default Common stock.

2. Select Common and then select the Settings button.

   A Settings window opens.

3. Edit the Name and the Date of the round.

   Note

   The date of the round and the date of the investments do not have to be the same. See step 7 and reference to More tab.

4. Select the Summary tab to edit the Price per share details.

   Note

   • The Round Information section will update automatically as you add shareholders to this round.
   • The price per share will apply to all shareholders that are added to this particular round of Common Shares.
   • If you have Common Shares with a different price per share, you will need to create a separate round of common stock.

5. Select the Vesting tab if the founder's shares or any of the Common Stock have vesting schedules for a repricing event.

6. Select the Authorized Tab to add the number of authorized Common Shares and associated details.

   • You can track the date of approval, the date the amendment was filed and the par value here. These fields can be updated at any time.
   • To track any increases or decreases to the authorized shares, enter the details in this here.

7. Select More to get the option to enable different issuance dates.

8. Select Close to return back to the Common Round screen and select Save Record to save your changes.

Creating an additional round of common stock

You can create additional common stock rounds

1. Go to the Securities Section in the navigation side bar and select Shares.

   The drop down menu opens.

2. Select New stock issuance.

3. Enter the relevant information and select Next to progress to the next window.

4. Select Finish when you have completed.

5. Select Close to return back to the Common Round screen and select Save Record to save your changes.