# Public company blackout period with custom rules and officer codes!

On desktop, public company admins now have further control over their future blackouts with flexible market rules and custom officer code creation.

You can see a dynamic list of all participants impacted by the blackout.

Easily select a combination of events you need to block.

Add and edit officer codes whenever you need.

Please feel free to direct any questions or feedback to [publicmarkets@carta.com](mailto:publicmarkets@carta.com)

# View your SOI, IRR, and Fund Performance pages on your phone!

Investors can now view their fund’s SOI, Deal IRR, and Performance pages on their phone!

On desktop, fund administration customers will see a new ‘Funds’ section where all their fund data will live.

Take a look and send us your feedback at **[investorservices@carta.com](mailto:investorservices@carta.com)**.

# Remove bank accounts

You can now remove bank accounts on personal portfolios as well as company accounts. To do this in a personal portfolio, go to “Account” and “Settings” and click on “Payment information” from the left menu. Click the “Actions” button and “Remove.”

If you have any pending transactions, such as an exercise or are participating in a capital call or a tender offer, you will not be able to remove your bank account.

Once the bank account is removed, you can then add a new bank account.

At this time, only one bank account can be added to personal portfolios. Company accounts can add multiple bank accounts. [Learn more >](https://support.carta.com/article/1142-changing-bank-account-information)

# Search for comparable companies

Finding the right comparable companies for your ASC820 reports can be time-consuming, so we decided to enhance the _Comparable companies_ page to make this process easier than ever. You can now find comparable companies using keywords, the subject company’s business description, and tickers.

We’ve also added more financial performance metrics right into the tool so that all of your comp research and selection can be done without leaving the app.

# Richer detail for capital call notices

If you’re using Carta’s (non-escrow) capital call feature, you now have several new options to enhance the notices you send to investors.

When setting call amounts, you now have the ability to reflect late interest payments, prepaid contributions and outstanding balances for one or more investors on capital call notices. You also have the ability to turn off a notice, which will prevent the notice from sending to the selected investor.

Adding any of these new options for investors will update amounts on the final review page accordingly. Late interest and outstanding balance amounts will increase an investor’s total amount due and adding a prepaid contribution will decrease their total amount due.

Notices with late interest added will include a late interest row and add to the total amount due.

Notices with outstanding balances added will include an outstanding balance row and add to the total amount due.

Notices with prepaid contributions added will include a prepaid contribution row and offset against the total amount due.

We hope these new options make it easier to run capital calls with your investors. We’d love to hear your thoughts, so don’t hesitate to reach out at [investorservices@carta.com](mailto:investorservices@carta.com) with any questions or comments.

# Tag your portfolio companies on Carta

Investors can now tag and categorize portfolio companies on Carta!

Find the “Manage Tags” page under the “Account” drop-down in your navigation. Here you can edit and add categories and tags.

You can apply tags on the “Manage company profiles” page, also under Accounts. There you can add tags in bulk or on an individual basis.

On the “Investments” and portfolio company pages, you can filter by these tags. We’re working on extending this filters functionality on more pages through-out your Carta experience.

We are excited about helping you organize your portfolio better, so don’t hesitate to send your feedback to **[investorservices@carta.com](mailto:investorservices@carta.com)**.

# Earnings per share report (basic & diluted)

Quarterly and annual reporting can be time consuming and stressful. For our **public companies**, help is on the way with our new earnings per share report! You can now calculate your company’s basic and diluted earnings per share faster than ever.

To access this report, navigate to the _Reports_ page and search for _Earnings per share worksheet_ under the _Compliance_ section. Be sure to enter the start and end dates of the fiscal period, then export the report.

# Updated interest end date fields for convertibles

For convertible notes, we previously used the same field to reflect “Interest last accrued” and “Interest accrual end date.” This was confusing since these two fields can be different dates. We have separated these fields and added tooltips into the details modal of the convertibles to help make the distinctions between these fields clearer.

**Interest last accrued:** the last date that interest was collected for a convertible. In Carta, this is a calculated date that changes depending on the terms that are set for the convertible and the amount of time that has passed. This can only be viewed in the details modal of the convertible.

**Interest accrual end date:** a date that can be modified by company administrators and will stop the interest from accruing based on the date set. This will override the maturity date if one is set. Interest accrual end date can be viewed in details modal of the convertible and edited by legal administrators through the modify workflow.

# Manage closing documents for your investments

We made it easier for investors to manage closing documents for their investments on Carta. You can now upload closing documents for all your investments and view them in one place. Access closing documents from the “Documents” tab of your portfolio company page.

Have you started using Carta to manage documents for your portfolio companies? If so, send us feedback to **[investorservices@carta.com](mailto:investorservices@carta.com)**

# Information sharing for fund admin customers

As a Carta **fund administration customer**, you can now share your _SOI_, _Deal IRR_ and _Fund performance_ pages with your investors in-app.

We’ve made it simple to enable sharing across your investors, while providing granular controls to fine-tune access per investor. At your option, our team can help manage sharing, so that your investors can always access information from the most recent quarterly reporting period.

After enabling sharing, this investor can login to see these new views (SOI, Deal IRR, & Fund performance) in their Carta account.

We hope this feature makes it easier than ever to keep your investors informed and engaged and we’d love to hear your thoughts! Don’t hesitate to reach out at **[investorservices@carta.com](mailto:investorservices@carta.com).**

# Exit scenarios for Investors

You can now model exits for portfolio companies on Carta with just a couple clicks! Instead of spending hours building complicated models in excel, with exit scenarios you can let Carta’s software do the heavy lifting and focus on interpreting the results.

Here are a couple of its best features:

**Distributions:** The distributions chart allows you to see a range of outcomes for your firm, top 5 shareholders, and share classes.

**Goal seek:** You may not have a specific exit event on the horizon for your portfolio company, but want to understand what outcome would be required to achieve a 10x return multiple, 30% IRR, or $100 million payout for your portfolio. The goal seek feature allows you to enter a desired outcome and the model will return the required exit value to achieve the outcome.

**Save and share:**

Once you have created an exit scenario, you are able to save and share with other members of your team.

This update is rolling out to all Portfolio Insights and ASC820 customers today, [log in and check it out!](https://app.carta.com/accounts/login/) Send us your feedback to **[investorservices@carta.com](mailto:investorservices@carta.com)**

# Ownership metrics card for investors

We know things like post-money valuation, option pool remaining, and cash invested are some of the most important metrics to have top of my mind when going to board meetings, discussing follow on investments, and reviewing your portfolio. We added an ownership metric card to your Overview tab so you can quickly view these key facts about your investments.

Thank you to the people who have been part of our user research and inspired parts of this feature! We always enjoy talking to our users, please send any feedback to **[investorservices@carta.com](mailto:investorservices@carta.com)**.

# ISO/NSO split calculations run after modifications

We are now running ISO/NSO split calculations after you modify fields that could affect the status of a grant according to the [$100K rule](https://support.carta.com/article/132-100k-rule) under IRC §422(d)(1-3).

If you modify name, email, grant date, option plan, or quantity for an option grant, we will notify you that that the status may change before you save. After the modification is saved, we will run the calculation and send an email to the user that made the modification if the ISO/NSO status changes.

# Compare Actuals to Forecasts

Have you ever received a performance update from a portfolio company and thought, “this number is interesting, but how does this stack up against the forecast the team presented in January?” Portfolio Insights customers can now see how a portfolio company has forecasted and re-forecasted values through time for Revenue, Cash, EBITDA, and ARR/ MRR.

To access this feature, navigate to the Key Metrics tab of your portfolio company page and click on the “Forecasts” sub-tab.

The rows are the different statements of forecasted data by period and the last row shows actuals.

Will you use this feature to compare actuals to forecasts? Send us feedback at [investorservices@carta.com](mailto:investorservices@carta.com).

# Customizable headers (for options)

Company administrators can now customize the column headers on the options security ledger. Selections will be saved until modified or the browser’s cookies are cleared.

We are working to add this feature to other ledgers! Please send any feedback to [allie@carta.com](mailto:allie@carta.com) \- we would love to hear from you as we build this out.

# Real-time data for fund admin customers

As a Carta **fund administration customer**, you now have access to real-time investment and fund performance data in your Carta account.

You can now review up-to-date information on all your active investments on the SOI page.

The new Deal IRR page allows you to view granular performance data across all your investments.

Finally, our Fund Performance page provides you with higher-level metrics, including the net calculations highly valued by LPs.

We’d love to hear your thoughts! Don’t hesitate to reach out at **[investorservices@carta.com](mailto:investorservices@carta.com).**

# A Redesigned Portfolio Experience

We’ve heard you! You are on the go and now we are too. **Investors, board members, and employees** can now access their holdings data on any device.

For **investors**, the portfolio company page features a new overview tab. Here you can glean the most important information about your portfolio company. Portfolio Insights customers will also enjoy added granularity to the in-app reporting. We’ve made our popular bulk export feature now available for all metrics.

Another win for **all investors** is the ability to upload documents to the company page. Keep track of all relevant company materials, such as board decks and legal documents, in one place.

We hope you enjoy the new experience, but we’d love to hear your feedback. Reach out to us at **[investorservices@carta.com](mailto:investorservices@carta.com)**.

# Tender Offers: sell order UI refresh

We’ve made some UI improvements to the sell order submission workflow in the Tender Offer product:

- There is a new customizable intro page companies can use to communicate important information with sellers
- We’ve switched from a single-page sell order to a multi-step workflow. This includes a new navigation tracker on the left-hand side that shows sellers where they are in the process
- Sellers can save at each step so they don’t have to complete their order in one sitting
- We’ve also leveraged the Carta Platform team’s **_ink** components for a more streamlined look and feel

# Modify plans attached to options and RSAs

You can now update the option plan that is attached to option grants and RSAs through the modify workflow.

When modifying RSAs, if you remove the plan that is attached, the shares will become a standard certificate and pull from the shares authorized instead of the option pool.

Please note - this does not track changes over time. If you need to set up multiple option plans so shares will pour over, please contact Carta customer support.

# Changes to acceptance reminder emails

As the SEC transfer agent for our private companies, we want every user on Carta to accept their securities.

We have updated our notifications to help remind people and keep the data in Carta up to date and accurate. We currently have reminder emails for accepting securities go out at **2, 5, 10, 20 and 30 day** intervals. We have now added more reminder emails to also be sent out at **2, 3, 6 and 12 month** intervals as well.

# Update investors with our financials template

For companies fulfilling investor information requests through Carta, we have now made it easier to provide financials via a template. The new layout clearly lists the requested items and provides template for financials, which includes actuals and forecasted numbers for Profit & Loss, Balance Sheet, and Cash flow statement.

# Modify cancellation date and reason (certificates)

You can now edit the cancellation date and reason that is set on a certificate after it has been canceled. To update, select the cancelled certificate you want to modify. Click “Actions” in the top left corner and “Modify certificates.” You will see the two new fields under the “Certificates details” section:

Note: These fields can only be updated on a certificate that is already canceled. To cancel a certificate that is currently outstanding, follow the instructions [here](https://support.carta.com/article/569-cancel-a-certificate).

These two new fields will be coming to the other security ledgers soon!

# Merge duplicate stakeholder tool

You may now merge duplicate stakeholders from the stakeholder ledger. Follow the steps outlined below:

1. Check the boxes for two stakeholders you would like to merge. Note: you can only merge two stakeholders at this time, and both stakeholders cannot have accepted securities separately. Select “Merge Stakeholders” from the actions dropdown.

2. Compare the stakeholder information and enter updated values in the cells on the right.

3. Review and correct the stakeholder’s relationships and their effective dates.

4. Review the changes you’ve made and check that they are correct.

5. Sign and click “Merge stakeholder” to merge the stakeholder.

# Ability to modify option plan associated with option grants and RSUs

You are now able to update the option plan that an option grant or RSU is attached to through the modify workflow. You can do this by selecting an option grant or RSU on the left side, click the “Actions” button at the top left of the ledger and select “Modify.”

Please note, you are only able to modify one security at a time.

We will release the ability to modify the option plan attached to RSAs, SARs, CBUs and PIs shortly.

# New way of managing board members

Now Board admins can manage access to board room under “Company > Roles and Permissions > Board”. We streamlined adding members, made status of invitation visible and moved company access to “People”.

Admins can also now resend invitation to board members who didn’t accept invitation to join Carta.

# New custom equity plan report

Now Legal and Company administrators can export a new customizable equity plan. There are 40+ columns to choose from, and you also have the ability to select multiple plans to export. The output file is a spreadsheet with each plan being its own tab.

# 2FA Status update

We strongly recommend that you enable 2-factor authentication to keep your account secure.

If you do not have access to your device or cannot receive the code, you can raise a request to disable it through the Carta platform.

In case we do not have enough information to approve your request, you will now be able to schedule an identity verification call directly from the _status update_ email - no need to contact support first.