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.
The legal working group raised the need to reprice a subset of options (identified by ID).
Why is this Needed?
In practice, options are sometimes repriced, and we don't have an event type that lets us change the option exercise price and keep a clean history of when the price changed and why.
Anything else we need to know?
Imagining we'd have four fields:
equity_compensation_ids - list of ids for relevant equity compensation issuances.
effective_date - date the repricing is effective as of
Description of Enhancement :
The legal working group raised the need to reprice a subset of options (identified by ID).
Why is this Needed?
In practice, options are sometimes repriced, and we don't have an event type that lets us change the option exercise price and keep a clean history of when the price changed and why.
Anything else we need to know?
Imagining we'd have four fields: