You just raised an equity round and are using the new money to recruit employees. As part of the round, an investor joined your Board, and your first Board meeting is coming up.
One of your Board’s formal jobs is to approve the stock options you want to grant your new employees. This is done during the Board meeting itself or by written consent asynchronously.
Generally, founders insert a slide about the proposed grants in the Board deck. They often ask us what data points to include.
With this template, your Board members will have exactly what they need to quickly approve. This avoids anyone needing to chase down cap table numbers, 409a prices, and employment start dates during the meeting itself.
Just download the spreadsheet, plug in your own data, and include it in your Board deck.