June 29, 2025
General Updates
- RSA Handling in Termination Workflow: Fully vested Restricted Stock Agreements (RSAs) will now display in the termination workflow for visibility and to avoid errors on the following steps.
- ASC 718 Report Transaction Lockdown: This feature locks the reporting periods of finalized ASC 718 Reports to help preserve report data integrity. Change requests to grants and valuations within a locked reporting period will now require additional review and approval. Authorized users can allow changes to finalized reports by recording a discrepancy with comments. Reporting periods can be reopened by invalidating a report. Since the ASC 718 Report is used in preparing financial statements, it’s essential that companies have the necessary measures to ensure complete and accurate information. This control is important for client auditing purposes.
June 23, 2025
General Updates
- Counsel Permissions Access: Counsel users can now access the permissions list and edit stakeholders permissions from the User Directory.
- ACH Payments: A new ACH Payment feature, launched in collaboration with Stripe, lets eligible option holders and RSA grantees purchase shares directory in the platform.
- Taxation: We now provide baseline tax estimates and tacking to support compliance within the Stock Incentive Plan.
- HRIS Integrations: We now integrate with HRIS providers via Finch to streamline bulk employee data imports and updates.
May 31, 2025
General Updates
- 83(b) Reminder Emails: We no longer send 83(b) reminder emails to grantees with addresses outside the United States.
May 17, 2025
General Updates
- Rule 701 Additional Disclosures Documents: Users can now set the number of days recipients will be able to view Rule 701 Additional Disclosure documents before they expire. The document expiration date will also display in the Rule 701 Disclosures Report.
April 19, 2025
General Updates
- RSA with Payment by Alternative Consideration: The Grant Shares workflow has been updated to allow users to to select payment by alternative consideration on the "List Grant Recipients" step. The grant issuance dates and 83(b) information have been updated to handle alternative consideration payments of services rendered, IP only, and custom considerations.
- Stockholder Consent for Board Member Removal: Users can now upload a stockholder consent when removing a board member.
April 5, 2025
General Updates
- Cap Table Snapshot: We now display the Employee ID on the main tab of the export of the cap table.
- Optional Post-Termination Email: On the Update Post Termination Exercise (PTE) Window and Acceleration step of the Termination workflow, we've added a question asking if the client would like to remind the employee of their option expiration date. If yes, an email will be sent to the employee the day after termination; a final follow up email will be sent 15 days prior to the expiration of the options if the options have not been exercised. If there are no option grants available for exercise during the post termination exercise window, the question will not be asked during termination. If the grant's cancellation date has already occurred or the window is less than 15 days, no email will be sent.
- Cap Table Access in Grant Shares Workflow: The Grant Shares Workflow now has a link to the company's Cap Table in the left column to streamline the review step.
- 701 Disclosure Management: We added a feature that enables companies issuing more than $10 million in equity compensation within a 12-month period to automatically provide the required additional disclosures in accordance with Rule 701. When enabled, these disclosures are sent when granting new shares or exercising options. Active disclosure documents and email templates are centrally managed through the Administration Workspace. Additionally, a new workflow is available for sending bulk retroactive disclosures. All disclosure recipients are tracked via the Rule 701 Disclosures Report.
March 22, 2025
General Updates
- Post-Termination Exercise: The Grant Details page of My Equity now displays the last day to exercise vested shares for terminated employees.
- Companies and Firms Listing: If a firm has a relationship with another company that is no longer active on Fidelity Private Shares, they will not be included in the default list of Companies and Firms.
February 22, 2025
General Updates
- Forgot Username or Password: We've updated our account recovery process to direct users to the appropriate recovery path based on the email associated with their Fidelity Private Shares account.
February 8, 2025
General Updates
- Improve bulk certificate actions in workflows: Now in all upload workflows that involve stock certificates, users are able to "select all" when deciding to defer or generate certificates. This improves the usability of the following upload workflows: Common Stock Sale, Equity Financing, Record Existing Stock Transfer, Record Existing Secondary Sale, Exchange Shares, Additional Financing Closing, and Capture Dividends.
- Exit Scenario Planner Export: The Exit Scenario Planner now exposes return by individual and investment in the export.
January 25, 2025
General Updates
- Disqualifying Dispositions Report: We have introduced a new report that tracks disqualifying dispositions of Incentive Stock Options and calculates the reportable ordinary income. This report is located in the Equity Transactions Report.
- Companies and Firms Directory: "Not Invited" has been added as a filter option for relationship status in the Companies and Firms Directory.
- Linking to Split Stock Certificates: My Equity has been updated to display active certificates issued after a stock split.
- My Equity Update: For awards that have undergone an update to the number of shares, via a repurchase or transfer for example, we now display both the number of units in the "Original issuance" and the "Net Effective Issuance" amount that includes the modifications.
- 10% Shareholder Rule: Per share price calculation for 10% shareholder rule has been updated to account for grants made above FMV.
- Reissue Stock Certificates Workflow Update: We have updated the prepare shareholder notifications step in the Reissue Stock Certificates Workflow to provide more clarity about when and if shareholder notifications are released. Updates include a new "Wait for Signatures" step and an optional step to prepare the shareholder notification email.
January 11, 2025
General Updates
- W-9 IRS Forms: We updated the W-9 IRS forms to the 2024 versions.
- W-4 IRS Forms: We updated the W-4 IRS form to the 2025 version.
- 83(b) Form: We updated our 83(b) filing form to Form 15620, recently published by the IRS.
- Rule 701 Report: The Rule 701 report now uses the grant date to determine Fair Market Value for RSAs and RSUs.