Solution

Employee stock option management

Employee stock option management covers the pool, the grants made from it, the vesting that applies to each grant, exercises, and what happens when someone leaves. Perseids keeps all of that on the same ledger as the rest of the cap table, and gives employees a portal to see their own position.

What companies get wrong

• Grants promised in offer letters but never recorded, so the pool looks larger than it is.
• Vesting tracked in a separate sheet from the cap table.
• Leavers not processed, leaving cancelled options counted as outstanding.
• Fully diluted ownership quoted without the unissued pool, which investors will add back.

How Perseids handles it

1. 1Create and size the pool as an explicit part of the cap table.
2. 2Record grants against the pool, with vesting schedule, cliff and exercise price.
3. 3Vested, unvested and exercised amounts are derived, not maintained by hand.
4. 4Employees see their own grant, vesting progress and exercise position — and nothing else.
5. 5Exercises and cancellations flow back into the pool automatically.

Where the company runs a secondary window, eligible employees can propose shares for sale within the rules the company sets.

Option taxation depends on jurisdiction and plan design. Perseids records your plan; it does not provide tax advice.