A clear vesting schedule from the grant terms
Equity grants are easy to describe in words and easy to get wrong in numbers. This builder takes the total shares, vesting length, cliff, and interval and produces both a plain summary and a month-by-month table that shows precisely how many shares vest at each milestone, so the totals always reconcile to the full grant.
How it works
The grant has a total share count vesting over a number of months, with an initial cliff. On the cliff date, the fraction of time elapsed at the cliff vests in a single block — for a 12-month cliff on a 48-month grant that is 12/48, or 25 percent. After the cliff, the remaining shares are split evenly across the remaining vesting periods (monthly, quarterly, or annually). Because integer share counts rarely divide evenly, each period is rounded and the leftover remainder is added to the final period, guaranteeing the column sums exactly to the total grant. Acceleration clauses are recorded in the summary so the document captures what happens on a change of control.
Tips and example
- The market-standard founder and early-employee schedule is
4 years, 1-year cliff, monthly— try those defaults first. - A cliff longer than the total vesting length makes no sense; keep the cliff shorter than the term.
- Double-trigger acceleration is the more common and acquirer-friendly choice; single-trigger can complicate fundraising.
- Always reconcile the final cumulative figure against the total grant — this tool guarantees they match.