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Open-Cap-Table-Coalition / Open-Cap-Format-OCF

Open Cap Format (OCF) - The Open Source Company Capitalization Data Standard. OCF can be used to structure and track the complex data structures necessary to build and maintain accurate capitalization (cap) tables.

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[Question]: vesting schedules for remaining and resulting securities after Equity Compensation Transfer

TracyHappy123 opened this issue · comments

commented

Question:

what would be the vesting schedules for resulting security and remaining security after Equity Compensation Transfer ?

Anything else we need to know?

For https://open-cap-table-coalition.github.io/Open-Cap-Format-OCF/schema_markdown/schema/objects/transactions/transfer/EquityCompensationTransfer/, it doesn't include property of vesting schedules, what is/are OCF rules of vesting schedules for remaining and resulting securities after Equity Transfer.

commented

@TracyHappy123, were you asking whether there's a default rule for how to handle this or how to structure the data for a given situation?

Couple initial thoughts:

  • This is a corner-case, but an interesting one.
  • Are we assuming that you can transfer an unvested security here? Or are we only talking about whether it's vested?
  • At a minimum, you can solve for any situation by being able to specify the vesting on the resulting security, though this could create data integrity issues if it's not handled properly.
  • Not clear there's a one-size-fits all default here.
commented

@TracyHappy123, I'm going to close this for now, but please reopen if you have further thoughts / questions re: the above