2 years ago7/31/2023 [**Carta Liquidity: Supply Board**](https://releasenotes.carta.com/carta-liquidity-supply-board-4bgVmo) **What’s New?** Institutional investors can now view confirmed sell-side opportunities directly on Carta.  Investors can view, filter, and review the full set of confirmed sell orders, along with details about company fundraising details, [Reference Price Range](https://releasenotes.carta.com/carta-liquidity-reference-price-range-vdBAI) (if applicable) and applicable transfer restrictions. Investors can also submit an indication of interest in purchasing the shares listed. **How does it work?** Log into your Carta account, enter the Liquidity platform, and navigate to the “ [Marketplace](https://app.cartax.com/marketplace/?campaign=RN20230731)” tab. From there, investors can browse opportunities. You can submit interest in buying shares listed on Carta: 1. Log into your Carta account and navigate to the [Secondary Marketplace](https://app.cartax.com/marketplace/?campaign=RN20230731) under Liquidity. 2. View the list of supply available for purchase on the “Buy” tab 3. Click on the “Buy” button to submit your indication of interest to the Carta Liquidity team 4. If you don’t see supply in a company you’re interested in, submit an indication of interest to buy on the "Browse" tab Note that all indications are private and are only shared with the market following a conversation with a representative from our Private Capital Markets team. **Who is this available to?** This is only available to Carta Liquidity customers. If you’re interested in learning more about Carta Liquidity and get access to the platform, please reach out to [investor\_coverage@cartacapitalmarkets.com](mailto:investor_coverage@cartacapitalmarkets.com) or your account manager. _Disclaimer: Carta, through its wholly owned broker-dealer subsidiary, Carta Capital Markets, LLC, offers a streamlined experience for executing pre-negotiated stock transfers, tender offers, and other secondary liquidity transactions. Carta Capital Markets, LLC is a member of FINRA/SIPC._ Ashley Haber 2 years ago7/27/2023 [**New specializations for Sales and updated international data**](https://releasenotes.carta.com/new-specializations-for-sales-and-updated-international-data-1HZx7y) ## What’s new? Carta Total Comp has two new data updates: New specializations and updates to our international data. Our benchmarks now support three new specializations in the Sales job area: - Account Executive - Sales Development Representative - Sales/Solutions Engineering Note: Our sample size for new specializations can be smaller than job area benchmarks, which could result in data volatility as we continue to update the data and grow our overall sample size. Additionally, we have updated international market adjustments and the six-month rolling exchange rates that are used to convert USD to international currencies. These new adjustments and exchange rates are live for all Carta Total Compensation customers. Note that in the following countries, salary and/or equity adjustments have changed by 10% or more: India, Brazil, Ukraine, Hungary, Mexico, Armenia, Estonia, and United Arab Emirates. #### How do I see benchmarks for the new specializations? You can view benchmarks for the new specializations by: 1\. Visiting the [Benchmarks](https://comp.app.carta.com/bands) page and selecting “Sales” under Area. Once the job area is selected, you can select any of the new specializations by selecting the Specialization dropdown. 2\. This will allow you to view salary/equity benchmarks for levels 1 - 8 for Sales/Solutions Engineering. For Account Executive and Sales Development Representative, data are available for levels 1-6. 3\. The above process can be followed for each of the new specializations. #### How do benchmarks for the additional specializations affect the Employee Scorecard? The compa-ratio is a quick way to compare an employee's compensation to your plan's target rate for a given job area, level, and location. The compa-ratios for an employee assigned to the new Sales specializations will now be calculated using the target compensation for the specialization, not the job area. #### How do I update my benchmark version to use new specializations? You can update your compensation plan to use the latest benchmark versions either by visiting the [Plan](https://comp.app.carta.com/plan) page and clicking on the "Update available" link in the Active Plan window. You can also preview the new benchmarks on your Scorecard by navigating to the [Benchmarks](https://comp.app.carta.com/bands) page and clicking on the "Preview benchmarks" bubble in the top left. Here you will have the opportunity to preview the new plan with the updated benchmarks version and assess their impact on your Scorecard before accepting the new plan. #### How do I see new international market adjustments? 1\. To see new international market adjustments, navigate to the Plan tab and scroll down to International Market Adjustment. 2\. Market adjustments will automatically be updated. You can customize any adjustments by using the Edit button on the right. ## What’s next? The Carta Total Compensation team is working on our Q3 benchmark refresh for all job areas and specializations 2 years ago7/25/2023 [**One-click capital call reminders**](https://releasenotes.carta.com/one-click-capital-call-reminders-29eKyI) **What's new?** Send reminders for pending capital calls in one click. **What’s valuable about this change?** Ditch following up with LPs over email. Instead, you can quickly identify which investors haven’t completed their capital call and send them a reminder directly on Carta. **What do I need to do?** 1. Log into your Carta account and select the relevant fund 2. In your Capital activity tab, click on Capital Calls, and toggle to Pending Investors 3. Use the “Notify investor” button to initiate reminder emails for either all pending capital calls or specific due dates One-click capital call reminders A One-click capital call reminders 1× Invalid domain for site key. ERROR for site owner: Invalid domain for site key reCAPTCHA Note: Pending Investor tags may be delayed by up to 48 hours. **How do I learn more or get help?** Get in touch with your Account Manager or [talk to one of our representatives](/content/requestdemo/?ir=inv-overview-hero1/index.html) today. 2 years ago7/25/2023 [**New capital call and distribution experience**](https://releasenotes.carta.com/new-capital-call-and-distribution-experience-1R4qeA) **What's new?** Send capital calls and distribution notices to your investors in a few clicks. **What’s valuable about this change?** You can now approve a capital call or distribution and send notices to LPs immediately or schedule them for a later date. **What do I need to do?** 1. Log into your Carta account 2. Select a task to review a capital call or distribution in your Activity tab 3. Review the amounts table 4. Approve the capital call and send notices to your investors immediately or schedule them New capital call experience on Carta A New capital call experience on Carta Select a task to review a capital call or distribution in your Activity tab Invalid domain for site key. ERROR for site owner: Invalid domain for site key reCAPTCHA **How do I learn more or get help?** Get in touch with your Account Manager or [talk to one of our representatives](/content/requestdemo/?ir=inv-overview-hero1/index.html) today. 2 years ago7/25/2023 [**Capital call rounding preferences**](https://releasenotes.carta.com/capital-call-rounding-preferences-1Tldh6) **What's new?** Call capital more precisely on Carta. **What’s valuable about this change?** Now, you can call capital by dollars or percentage of total commitments, up to the hundredth decimal place. **What do I need to do?** 1. Log into your Carta account and navigate to the Activity tab 2. Click Request capital call and follow the prompts 3. Specify your rounding preference and whether you want to call capital by dollars or by the percentage of total commitments **How do I learn more or get help?** Visit this [article](https://carta.my.site.com/support/s/article/capital-activity#:~:text=Requesting%20distributions-,Requesting%20a%20capital%20call,capital%20call%20and%20click%20Continue.) for a more detailed look at the capital call request tool. 2 years ago7/25/2023 [**Improved capital calls in Carta Carry**](https://releasenotes.carta.com/improved-capital-calls-in-carta-carry-2bvxBe) **What's new?** You can now easily modify the due date of a capital call in Carta Carry. **How does it work?** Once your capital call is ready for review, tap _Edit_ above the current due date. Once the due date is updated, your capital call PDFs will automatically update with the new due date so you can quickly review and approve. **How do I learn more?** To learn more about Carta Carry, check out [this support article](https://support.carta.com/s/article/navigating-the-carta-carry-app) or reach out to your Account Manager for a demo today. Don’t have the app? Download it on [iOS](https://apps.apple.com/us/app/carta-vc/id1664284852?uo=2) or [Android](https://play.google.com/store/apps/details?id=com.carta.gp.concierge&hl=en_CA&gl=US). Eric Morelli 2 years ago7/25/2023 [**Capital call investor breakdowns in Carta Carry**](https://releasenotes.carta.com/capital-call-investor-breakdowns-in-carta-carry-286m2s) **What's new?** We’ve added an investor breakdown view before you submit or approve a capital call so you can see the contribution amount per investor. **What’s important about this change?** You now have a transparent view into the amount each LP is contributing to a given capital call from your phone. **How does it work?** Select _Request capital call_ from the Quick Actions available on your home screen and fill in the information requested. On the _View Summary_ screen, click _View_ next to _Investor Breakdown_ to see the contribution amount for each investor in both dollars and percent. Once ready for approval, you can view the investor breakdown by tapping _Review_, then clicking _View_ next to _Investor breakdown_ on the _Review Capital Call_ page. **How do I learn more?** Eric Morelli 3 years ago7/19/2023 [**International memos available for Employees with Tax Advisory**](https://releasenotes.carta.com/international-memos-available-for-employees-with-tax-advisory-4xY0Cs) ## What’s new? Employees who have access to Carta Tax Advisory through their employer now have access to International Tax memos for their country\* The Tax Memo includes information about the cost and tax implications of owning equity in a private company.  Each tax memo is tailored to the specific country an employee resides and includes information on: - Key equity and tax terms - How equity awards are taxed when exercising - Strategies for lowering taxes when exercising or selling equity awards. - Overview of local tax filing requirements ## What do I need to do? You can access the new feature directly from your portfolio, or navigate to the ‘Learn’ page in the navigation bar. Have questions? Contact product@carta.com _\*Initial countries limited to: United Kingdom, Australia, Canada, India, and Israel_ Jordan Agnew 3 years ago7/17/2023 [**Export benchmarks from Carta Total Compensation**](https://releasenotes.carta.com/export-benchmarks-from-carta-total-compensation-2kA9Fe) ## What’s new? Starting today, customers can export data from the Benchmarks page as a CSV file to use in their compensation analyses outside of Carta Total Compensation. The feature is active for all Carta Total Compensation customers and can be accessed from the Benchmarks page. ## How do I access it? 1\. Navigate to the Benchmarks page in Carta Total Compensation. 2\. Choose the specific filters for the data you’d like to export, including the Location, Area, Specialization, Track, and compensation type. 3\. Click the “Export” button that appears under the filters. 4\. Open the downloaded file to see your data. ## What’s next? Carta Total Compensation is developing benchmarks for new specializations. ## Questions? If you have any questions about how to export Benchmarks data or if you have suggestions for additional export functionality, please reach out to your Customer Success Manager. 3 years ago7/11/2023 [**New videos added to Learn feature for employees**](https://releasenotes.carta.com/new-videos-added-to-learn-feature-for-employees-4tpBok) Employees with the Tax Advisory Learn page can now watch six new videos. The new videos include - Exercising ISOs - Exercising NSOs - Exercising framework - Ways to sell your shares - Tax implications of selling - 83(b) elections Log in to your Carta account and navigate to the Learn page to see personalized reccomendations to help you understand your equity compensation! Jordan Agnew 3 years ago7/10/2023 [**Simplify employee leveling in Carta Total Compensation**](https://releasenotes.carta.com/simplify-employee-leveling-in-carta-total-compensation-2LOP0k) ### What’s new? In Carta Total Compensation, you can now use a simple guide to: 1. Assign Job Titles easily to any employee who is missing one, and 2. Level multiple employees at once by assigning a Level to a Job Title With fully leveled employees, you can leverage the power and insights of all Total Comp features, including Reports and Employee Scorecard. This feature eases that process by simplifying what employees need attention. ### What do I need to do? If you already have Total Compensation set up, you will see a banner at the top of your Total Comp page that will take you directly to a new flow. As you’re assigning Levels to Job Titles, check out our [leveling guide](https://comp.app.carta.com/onboarding/job-title-leveling) for guidance. If you’re setting up Carta Total Compensation for the first time, use the new onboarding flow to level the employees pulled in from your HRIS (Human Resource Information System). ### Questions? If you have any questions about leveling your employees, please reach out to your Customer Success Manager. 3 years ago7/6/2023 [**83(b) Election for founders**](https://releasenotes.carta.com/83b-election-for-founders-1A0Q8w) **What’s new?** Introducing  83(b) election for founders. Founders can now more easily comply and file an 83(b) election with the IRS.  This release automatically generates the 83(b) form, instructions on how to file it with the IRS, and an email notification that includes issuance date and days left to file. **Why is it valuable?** Individuals filing an 83(b) election may potentially reduce their tax obligations by choosing to pay taxes on the fair market value (FMV) of their securities at the time of granting rather than after vesting. **How does it work?** 83(b) for founders is available in all Carta plans. This feature will be automatically available for all founders that have accepted founder stock within the last 30 days. 1. After accepting a stock certificate in Carta, Carta will automatically generate an email notification and 83(b) form. 2. To view the 83(b) form, log-in to your Carta account, open the applicable certificate, and click the 83(b)elections tab 3. Provide additional information, including your social security number and address. You can also choose to manually enter a different fair market value (FMV). 4. When completed, you can download, print, and make additional edits. 5.  Before mailing to the IRS, sign and date. Make sure to upload a signed copy of the form and add the date mailed on Carta. This makes it easy for you to remember and access a record of this filing - conveniently saved in your Carta account. **How do I learn more or get help?** To learn more about 83(b) for founders, check out this [support article](https://support.carta.com/s/article/form-83b-founder-stock) or reach out to your Account Manager for a demo. Shubhi Nigam 3 years ago7/5/2023 [**Quarterly Financial Packages**](https://releasenotes.carta.com/quarterly-financial-packages-3py77i) **What's new?** We’re delivering quarterly financial packages early. **What’s valuable about this change?** Starting today, July 5th, select customers will receive draft financial packages just after quarter-end. This is made possible by the fully integrated Carta General Ledger, which keeps your information up-to-date with every transaction, and an extensive list of data controls in our technology. With your packages ready for review earlier, you unlock more time to focus on the things that matter, whether that be sourcing your next deal or fundraising for your next close. **What do I need to do?** If you’d like to be included in this pilot program, please reach out to your Account Manager. **How do I learn more or get help?** If you receive a draft financial package, please review it and approve it or request changes to your Fund Admin team directly in Carta. EJ Jacoby 3 years ago7/5/2023 [**New Bands page experience**](https://releasenotes.carta.com/new-bands-page-experience-3qGvDy) ## What’s new? We’ve redesigned the Bands page to make it easier to search for and view the compensation benchmarks you need. The new user experience is active for all Carta Total Compensation customers and can be accessed [here](https://comp.app.carta.com/bands). There are 3 main changes: 1\. Role and location filters can now be found at the top of the page, rather than along the left-side of the page. 2\. You can view benchmarks for different compensation categories using the new buttons on the top of the page. The new “All data” view allows you to see salary, total cash, and equity benchmarks all at the same time. Once selected, you can choose the exact benchmarks that you’d like to see side-by-side. 3\. Our visualization is now hidden by default to help you get to the data you need quickly. However, you can always view it by clicking the “Show visualization” button above the benchmarks table. ## What’s next? We’ll be adding export functionality to the Bands page to allow customers to download Carta Total Compensation data as a spreadsheet. ## Questions? If you have any questions about the new look of the Bands page please reach out to your Customer Success Manager. 3 years ago6/27/2023 [**Automate ASC 718 stock-based compensation reporting for profits interests**](https://releasenotes.carta.com/automate-asc-718-stock-based-compensation-reporting-for-profits-interests-26UEVO) ### What's new? You can now pull automated expense and disclosure reports for profits interests with vesting schedules that include time-based conditions and event-based performance conditions. ### What's important or valuable about this change? ASC 718 reporting involves expensing each equity grant on your company’s income statements, which are subject to audits. With Carta, you can now simplify expense reporting for profits interests: - Eliminate errors and save time with automated expense reporting based on your up-to-date cap table in Carta - Define reporting parameters and pull customized reports with a few clicks whenever you need them - Confidently enter audits with accurate, transparent, and defensible expense reports every single time ### What do I need to do? ASC 718 financial reporting is available as an add-on to your current Carta subscription. Please reach out to your CSM to learn more and request a demo. If you currently have ASC 718 financial reporting enabled on your Carta account, navigate to the Financial reporting tab to generate your reports. 1. Manage any exclusions (to control which interests are included in financial reports) and provide the ASC 718 fair value for each interest. Once you define these reporting parameters, they're saved so you can pull consistent reports every time. 2. Input the report start and end dates to run the report. 3. Download the expense and disclosure reports. ### How do I learn more or get help? If you need help with your Carta-generated financial reports, [contact our dedicated ASC 718 support team](mailto:718@carta.com). If you’re interested in automating ASC 718 financial reporting with Carta, please reach out to your CSM to learn more and request a demo. Zeba Naqvi 3 years ago6/27/2023 [**Gain visibility into preferred returns**](https://releasenotes.carta.com/gain-visibility-into-preferred-returns-1NBW5q) ### What's new? We’ve made updates to the Interest Summary to provide Admins and interest holders more visibility into preferred returns. ### What's important or valuable about this change? You can now easily see the total accrued value for each interest based on the compounding period and accrual rate. The new preferred returns section provides visibility into the: - Accrued Value - Compounding Period - Accrual Period - Accrual Rate - Accrual Start Date - Principal Amount - Day Count Convention ### What do I need to do? Navigate to the Interest Details page for an interest and find the Preferred Return section at the bottom of the Interest Summary tab. Note that the interest type must be enabled with “preferred returns” for this section to appear in the interest details summary. Contact your CSM for more information. ### How do I learn more or get help? For more information, visit our [support site](https://support.carta.com/s/article/carta-llc-view-interest-details-admin). Zeba Naqvi 3 years ago6/23/2023 [**Tax Jurisdiction Model: Local Jurisdiction Withholding Improvements**](https://releasenotes.carta.com/tax-jurisdiction-model-local-jurisdiction-withholding-improvements-1XOFCE) ### What’s new? Legal Administrators can now group multiple cities under a single local jurisdiction for tax withholding purposes. ### Why is this an improvement? Issuers now have greater flexibility in capturing jurisdictions where their participants pay taxes, particularly for county-level taxes or jurisdictions that are not specific to countries, states/provinces, or cities. ### How does it work? Navigate to Carta’s Tax jurisdiction and rates table by following Compliance & Tax -Tax Rules-Tax jurisdictions and rates. Add a jurisdiction below the state or province level and select Multi-Regional Tax Jurisdiction. Enter all of the cities that belong to that jurisdiction. The jurisdiction is then displayed as Multi-Regional. Any tax rate or rule set for the jurisdiction will apply to all stakeholders with tax addresses containing any of its included cities and will be used to calculate tax withholding for applicable transactions. ### Bryan Wells 3 years ago6/21/2023 [**Real-time Carta portco share price updates**](https://releasenotes.carta.com/real-time-carta-portco-share-price-updates-4oOrFS) **What's new?** Get real-time updates when your portfolio companies on Carta raise a new round. **What's important or valuable about this change?** Now, all Fund Administration clients get automatic notifications when their investments on Carta add a new share class to the cap table with filed Articles of Incorporation. We'll also include the original issue price of the new share class – helping you maintain the latest information on your investments. **What do I need to do?** You will receive an email when your portco adds a new share class with a new price-per-share from the original issue price on the Articles of Incorporation. A task will also appear in your Activity tab. There, you can view the new price-per-share, its impact on your fund metrics like IRR and gross multiple, and update your SOI in a few steps. Automatic investor notifications A Automatic investor notifications Invalid domain for site key. ERROR for site owner: Invalid domain for site key reCAPTCHA **How do I learn more or get help?** Visit this [support article](https://carta.my.site.com/support/s/article/Valuation-Updates-from-Carta-Companies) for a detailed FAQ. Have more questions? Your Fund Admin team is here to help. Alex Legault 3 years ago6/21/2023 [**Separate reports for Fair Market Value (FMV) and Financial Reporting Value (FRV)**](https://releasenotes.carta.com/separate-reports-for-fair-market-value-fmv-and-financial-reporting-value-frv-1PQwJG) # **What's new?** Beginning on June 21, customers with both Carta 409A and Financial Reporting in their subscription will begin receiving two separate, audit-defensible reports: one with the Fair Market Value (FMV) used for tax purposes, and one with the Financial Reporting Value (FRV) used for accounting purposes. Delivering these reports separately will more closely align with a changing regulatory environment in which tax guidelines under 409A and accounting standards under ASC 718 diverge. Historically, Carta has only delivered a single report that values our customers' common stock under section 409A of the tax code. This singular report would double as a valuation used for both tax and accounting purposes, which introduced challenges for customers going through audits - companies are incentivized to keep their FMV low to keep options attractive for employees, while auditors may push companies to increase the Fair Value of stock when calculating stock-based compensation expense. Disambiguating these two concepts allows our customers to work more flexibly with their auditors while still keeping options and other equity awards attractive as incentives for hiring and retaining talent. # What do I need to do? If you're a customer with both Carta 409A and Financial Reporting in your subscription, you'll receive two reports the next time you request a 409A valuation from Carta: one with the Fair Market Value (FMV), and one with the Financial Reporting Value (FRV). The FMV can be used as normal: pricing options, helping employees estimate their tax burden when exercising, Form 3921 filings, etc. The FRV can be used in Carta's Financial Reporting product to calculate the expense associated with stock-based compensation. Customers can work with their auditors to either directly use the provided FRV or adjust it from within Carta's Financial Reporting product as necessary. For customers with access to both Carta 409A and Financial Reporting in your subscription, you’ll see an additional card for FRV at the top of the Valuations homepage in Carta (Compliance & Tax > 409A Valuations) once you receive and accept a new valuation report from Carta: You'll also see an extra column in the table at the bottom of the Valuations homepage which shows historical FRVs side-by-side with historical FMVs: And in Financial Reporting, you'll also see text changes when configuring a scenario: # How do I learn more or get help? We've created a few help articles with detailed information about FRV and how this value differs from FMV and appears in Carta: - [Separate Reports for Fair Market Value and Financial Reporting Value](https://support.carta.com/s/article/split-reports) - [409A and ASC 718 Compliance: Carta’s Financial Reporting Value (FRV)](https://support.carta.com/s/article/fmv-and-frv) - [Financial Reporting (V3): Carta’s Financial Reporting Value (FRV)](https://support.carta.com/s/article/financial-reporting-value) If you've received your FRV report and have further questions, feel free to reach out to [val-operations@carta.com](mailto:val-operations@carta.com) \- we'd be happy to help. Stephanie Wittrock 3 years ago6/14/2023 [**Book a Tax Advisory Session on the Carta iOS app**](https://releasenotes.carta.com/book-a-tax-advisory-session-on-the-carta-ios-app-2KAnpm) ## What’s New Employees who have access to Carta Tax Advisory through their employer can now book 1-1 sessions with a Carta Equity Tax Advisor directly on the Carta iOS mobile app. This release allows employees to select a session, book a time, and join their session all directly in the Carta app. ## What do I need to do? Employees with access to Tax Advisory will see this feature on the home screen of their portfolio in the iOS app. To download the Carta [visit the Apple App Store](https://apps.apple.com/us/app/carta-manage-your-equity/id1137735263). Have questions? Contact product@carta.com. Jordan Agnew 3 years ago6/5/2023 [**Carta Total Compensation downloadable reports**](https://releasenotes.carta.com/carta-total-compensation-downloadable-reports-3hsgRq) ## What’s new? Customers can now download reports directly from the company Scorecard page to gain additional insights into their compensation programs. There are 3 reports available to download: - Cost vs. Market report: A comprehensive list of all employees, their total compensation, and indicates whether their compensation aligns with the latest compensation benchmarks. - Equity Refresh report: Shows all employees, their last refresh grant date, and a suggestion for the appropriate amount and timing for their next compensation refresh. - Equity Forecast and Burn report: A projection of your equity pool's reserve based on various factors like your hiring plans, employee tenure, and performance reviews. ## What do I need to do? You can download your Reports from the top of the Scorecard page. ## What’s next? These reports are currently in beta, so we’d love to hear your feedback as we continue to test and improve them. After you download a report you can provide feedback directly in Carta Total Compensation. Your feedback will help us improve future versions of these and other reports on our roadmap. | | | | --- | --- | | | | We’ll be releasing other reports over the next couple of months. If there are specific reports that you’d like to see in Carta Total Compensation or have any questions, please reach out to your Customer Success Manager. 3 years ago6/2/2023 [**Improved Activity Tab**](https://releasenotes.carta.com/improved-activity-tab-2CzcZ2) **What's new?** We’ve enhanced the Activity tab in our GP Portal so Carta fund managers can do even more from one place. **What’s important or valuable about this change?** We’ve expanded the requests fund managers can submit in their Activity tab to include the ability to make a new investment, add a subsequent close, and transfer holdings to a new LP. Once submitted, they can track the status of that request and receive detailed notifications to update them of any status changes. Additionally, fund managers can now message their fund admin directly from the Activity tab, consolidating and organizing all Carta communication outside of their inbox. **What do I need to do?** Navigate to the _Activity_ tab. You can now submit additional requests through the Quick Actions bar. If you do not see a request, please use the _General Inquiry_ button to submit any request to your fund admin. Once a request is in progress, we’ve added additional email and in-app notifications so you stay up-to-date on the progress of your fund’s tasks. These include _missing information_ and _action required_ so you know exactly what’s needed from you to complete a request. We will be making further improvements to the Activity tab over the coming weeks including the ability to schedule a call with your fund admin. **How do I learn more or get help?** To learn more about our improved Activity Tab, check out this [support article](https://support.carta.com/s/article/general-partner-activity) or reach out to your Account Manager for a demo today. Melissa VanDerHeyden 3 years ago6/1/2023 [**Introducing Carta's New Navigation Experience for Companies**](https://releasenotes.carta.com/introducing-cartas-new-navigation-experience-for-companies-dOQJa) ### We’ve made some improvements Beginning in May 2023, we are launching a new navigation experience - making it easier than ever to navigate your cap table, create and issue new securities, and manage relations with your stakeholders. We are testing this experience with a select list of companies. Companies in this test will now navigate Carta’s equity management platform from the left-hand side. We are using this test to iterate on any improvements that need to be made and hope to roll out to 100% of new and existing companies by Summer 2023. The new menu can also be collapsed for an optimized viewing experience by clicking the menu icon to the right of the Filter text box once you’ve landed in the right spot. ## Finding what you need just got easier The new navigation will make it easier for you to find what you’re looking for and complete critical tasks, with menu categories that are more intuitive and organized according to the type of task that needs to be completed within Carta. | | | | --- | --- | | Menu category | What you will find there | | Filter Menu | Narrow down your menu options to quickly find what you’re looking for | | Dashboard | View your company data and explore insights | | Essentials | Most frequently accessed pages, in one click | | Cap Table | View and understand your cap table | | Securities | Issue and view securities | | Stakeholders | Manage stakeholder information | | Fundraising | Raise money for your company | | Compliance & Tax | Ensure your cap table is compliant | | Documents | Manage documents and communications with stakeholders | | Settings | Configure your company’s settings | | More | Explore additional Carta cap table products such as Carta Total Compensation and Tax Advisory | ## Terminology that just makes sense We have also updated some of the terminology that appears throughout the Carta platform to clarify specific tasks and workflows. The changes that we’ve made are outlined in the table below. | | | | | --- | --- | --- | | New | Old | Where do I find it? | | Dashboard | Company summary page | Dashboard | | View cap table | View by share class | Essentials
\*Note that this page will still be labeled View by share class under the Cap Table menu | | Manage stakeholders | All stakeholders | Essentials 
Stakeholders | | Draft certificates | Certificate | Essentials | | Draft options grants | Option grant | Essentials | | Run reports | Reporting | Essentials 
Cap Table | | Cap Table | Capitalization | Cap Table | | Review cap table health | Account health checks | Cap Table | | Cap table access | Shareholder experience | Cap Table | | Review exercises | Exercises | Securities | | Securities templates | Templates | Securities | | Run scenario models | Scenario modeling | Fundraising | | Compliance & Tax | Compliance and Tax (separate menu items) | Compliance & Tax | | Rule 701 Disclosures | Disclosures | Compliance & Tax | | Tax Rules | Withholding configuration | Compliance & Tax | | Company documents | Library | Documents | | Board activity | Board notifications | Documents | | Company financials | Financials | Documents | | Settings | Company settings | Settings | | Total Compensation | Total comp | More | * * * ## FAQs **Why is Carta making this change?** Carta offers a wide range of products and services, and users sometimes get  lost as they look through menu items in an effort to find the workflow or platform page they need to access. We understand that time is money, and the less time you spend locating the resources you need frees up more time for you to spend growing and managing your company. The new left-side menu enables users to have an immediate comprehensive view of Carta’s functionality with clearer verbiage, menu filtering, and collapsible dropdowns. **Can I revert back to the old navigation experience?** No. Our research has shown that our new navigation menu is not only more intuitive for users, but also faster. Beginning in May 2023, Carta is fully migrating away from the top navigation menu. We plan to be rolled out to 100% of companies by July 2023. **How do I use the new navigation experience to find what I’m looking for?** The new navigation experience includes a filter to assist you in finding what you’re looking for. The menu will responsively pare down as characters are entered in the text box. Additionally, left-side navigation enables you to expand and collapse multiple dropdowns at the same time, allowing for a more comprehensive overview of Carta’s functionality at a glance. **Did Carta remove any features?** No. While the new menu may look more compact than in our current experience, all of the features that you have come to rely on are included in the new navigation. The goal of this initiative is not to change the functionality of Carta’s cap table, but rather, to make that functionality easier for you to find. Alana Lindall 3 years ago5/25/2023 [**Quarterly benchmark refresh, total cash compensation for all roles, updated US geographic differentials, and 90th percentile data**](https://releasenotes.carta.com/quarterly-benchmark-refresh-total-cash-compensation-for-all-roles-updated-us-geographic-differentials-and-90th-percentile-data-4xHeDu) **May 25, 2023 Benchmarks** **What’s new?** - Updated salary, total cash, and equity benchmarks for all job areas and specializations - Updated US geographic differentials for all metro areas - New total cash compensation benchmarks for all roles (total cash compensation benchmarks are reflective of employees who receive both base salary and some form of variable compensation) - 90th percentile data for all roles and elements of compensation. Users can now set their target market position and view 90th percentile data on the Bands page. **Market Trends** Salary and total cash compensation benchmarks have fallen slightly (approximately 1% overall) since last quarter, reflecting a continued down market for startup talent. We’re observing that new hire salaries across many roles are closer to or below our previous benchmarks, causing many salary benchmarks to decrease. On a role-by-role basis, we’re seeing a bit more volatility in this quarter’s data as compared to the last six months. As in previous updates, specialization-level data continues to be more volatile than the broader sample, as sample sizes for these roles are smaller than job area level data. Equity benchmarks have decreased approximately 9%, less than last quarter’s 15%. Lower benchmarks cut across most roles and levels, though executive equity grants dropped slightly less, and even increased in some cases. Looking across updated geographic differential data, most metro areas that moved closer to San Francisco pay levels have maintained their differentials compared to last year. This year, we see more cities outside of traditional tech hubs also moving closer to San Francisco pay levels (in particular metro areas across North Carolina and Florida) **What were the largest areas of movement from these benchmarks?** Salary - Sales, Research, and Strategy roles saw the largest increases, approximately 1-5% versus last quarter. Marketing, Administration, and Project Management roles saw the largest decreases ranging from 5-6%. The decreases for Marketing and Administration are driven by corrections that we have made for how certain roles are being categorized within these job areas. Information Technology also saw a larger decrease, largely due to the small sample size for this job area. Equity - Support, Human Resources, and Strategy roles saw the largest decreases. Decreases in Product, Finance, and Operations were less pronounced than the overall sample **How do I update my plan to use the new benchmarks version?** You can update your compensation plan to use the latest benchmark versions either by: Visiting the Plan page and clicking on the "Update available" link in the Active Plan window. Navigating to the Bands page and clicking on the "Update" bubble in the top left. You will have the opportunity to preview the new plan with the updated benchmarks version and assess their impact on your Scorecard before accepting the new plan. **What’s next?** Carta Total Compensation is developing benchmarks for new specializations. 3 years ago5/5/2023 [**Stakeholder 1099-B Status Tool**](https://releasenotes.carta.com/stakeholder-1099-b-status-tool-1pvXna) **What’s new?** Stakeholders that have sold through Carta Inc.’s tender offer feature or Carta Inc.’s public markets product can now view the delivery status of their 1099-B tax document. This new feature allows sellers to determine that their 1099-B for a particular selling year: - has already been delivered - will be delivered - is not applicable for the year and won’t be delivered **How does this improve the stakeholder’s experience?** 1099-B forms capture the capital gains reported to the IRS for sales done on Carta. Sellers use the information on their form 1099-Bs to file their taxes. Not all sales done on Carta Inc.’s tender offer tool or Carta Inc.’s public markets product are reported on 1099-Bs. Prior to the release of this product, stakeholders have reported challenges in determining why they did not receive a 1099-B for a calendar year. This tool allows stakeholders to determine the status of their 1099-B quickly and clearly. 1099-Bs might not be provided for several reasons: - The stakeholder is not subject to IRS reporting (is under a W-8BEN) - All sales done are cashless sales and the issuer is using Carta’s Rev Proc 2002-50 functionality - The stakeholder did not sell anything for the tax year where they were paid proceeds through Carta Inc.’s tender offer tool or Carta Inc.’s public markets product - All transactions excluded from filing (a common reason is treating the dispositions as option cancellations rather than cashless sales) **How does it work?** The stakeholder navigates to account:tax documents where all 1099-B documents are stored, and clicks on the “Missing a Form 1099-B” link: From here, the participant can select the tax year and check the status on that year’s 1099-B: The tool will indicate that either the 1099-B has already been distributed, or will give the reason that the stakeholder has not received a 1099-B for that year. Bryan Wells 3 years ago5/4/2023 [**Automated Preferred Return**](https://releasenotes.carta.com/automated-preferred-return-dHHsk) **What's new?** Carta now supports automated preferred return waterfalls. **What’s valuable about this change?** If you have a preferred return hurdle, your Fund Admin team will automate and review waterfalls directly in the Carta app. These improvements enable us to process more complex calculations in real-time, resulting in faster book closures, more secure data entry and the ability to view fund metrics in the app as they happen. **What do I need to do?** No action is needed. Your teams will start to calculate this performance hurdle online immediately. **How do I learn more or get help?** Reach out to your account manager or [talk to one of our representatives](/content/requestdemo/?ir=inv-overview-hero1/index.html) today. 3 years ago5/2/2023 [**LP Wire Instruction Confirmation**](https://releasenotes.carta.com/lp-wire-instruction-confirmation-st7gI) What's new? You can now send a confirmation request to your LPs directly from Carta, allowing them to easily add or confirm their wire instructions prior to a distribution. What’s important about this change? **We’ve made it easier to confirm the accuracy of LPs' wire instructions.** Prior to a distribution, you can now send a request to an individual LP, a group of LPs, or all LPs in the distribution to update or confirm their wire instructions. Once the request is sent, your LP will receive an email from Carta prompting them to update or confirm their wire instructions in their LP Portal. Once updated or confirmed, you will see a new status of _Confirmed_ next to the LP’s name in the _Wire Instructions Status_ column in your _Partners_ tab as well as a complete [Audit Trail](https://releasenotes.carta.com/lp-wire-audit-trail-3Qtx28) of who added and confirmed the LPs wire instructions. What do I need to do? After submitting a distribution request in Carta, click _Request Wire Instructions_. You can also initiate this request at any time by using the _Request Wire Instructions_ button on the Partners page. Select the individual investors or group of investors you’d like to send a request to. Set a deadline and optionally customize the email message your LPs will receive. Review the contacts that will receive the notification and then click _Send_. Your investors will receive an email asking them to add or confirm their wire instructions are current. After clicking _Review wire instructions_, they’ll be directed to their LP Portal where they can easily add or update in a few clicks. You’ll now see an updated status in your _Partners_ tab of _Confirmed_ or _Pending_ (awaiting confirmation from your LP) with the date of confirmation or the date the request was sent. Giving you increased visibility into how current your LPs wire instructions are. How do I learn more? For more information on the GP side of this feature, please check out our [step-by-step guide](https://support.carta.com/s/article/lp-wire-confirmation-requests). For LPs, [click here](https://support.carta.com/s/article/lp-wire-instruction-confirmation). To learn more about how Carta ensures the accuracy of your investors' wire instructions, check out our [Audit Trail feature](https://releasenotes.carta.com/lp-wire-audit-trail-3Qtx28) or reach out to your Carta representative to learn more today. Spencer Holton 3 years ago5/1/2023 [**Faster ACH Processing Times for Money Moved on Carta**](https://releasenotes.carta.com/faster-ach-processing-times-for-money-moved-on-carta-35XN8Q) Starting today, we are launching a new feature that will reduce the ACH transaction processing time for money movements on Carta by 33%. Previously, most ACH transfers took 6-7 business days to complete. We have made a few infrastructure changes to reduce transfer times by up to 2 business days. ### Who is this for? This change will impact all private and public corporations who move money directly on Carta, as well as holders of securities from these firms. LLCs will not be impacted by this change. ### How long will my transfers take? There is a slight variation in how long ACH transfers will take depending on what type of transaction the company or holder is making. The estimated processing times for the following transactions are below: - SAFE Financings transactions: 4-5 business days (previously 6-7 business days) - Private company exercises: 4-5 business days (previously 6-7 business days) - Private company ACH repurchases: 3-4 business days (previously 5-6 business days) - Public market trade settlements: 1 business day (previously 2 business days) - Public markets options exercise: 4-5 business days (previously 6-7 business days) - CINC tender offers: 1 business day (previously 2 business days) ### I am a company administrator. How do I approve exercise requests in Carta? Company administrators with the _Option exercise approver_ role are able to individually review the submitted online option exercise requests and historical option exercises from the _Transactions_ \> _Exercises_ page on Carta. For detailed instructions, you can check out [this support article](https://support.carta.com/s/article/approving-option-exercise). ### I am a company administrator. How do I track early exercise requests and 83(b) elections? Use the Filter function to select _Yes_ for Early exercise to track 83(b) elections from the option holders. The ledger will display a filing status that depends on when the option holder originally submitted the early exercise request and whether or not the option holder explicitly chose to file an 83(b) election. [Learn more about the 83(b) election](https://support.carta.com/s/article/form-83b-option-exercises). ### I hold options in a company that uses Carta to manage its equity. How do I exercise options on Carta via ACH? [Exercising options](/content/blog/exercising-stock-options/index.html) into shares on Carta via ACH is available to US-based option holders of US private companies exercising ISOs, NSOs, or ISO/NSO split option grants. You can review detailed instructions in this [support article](https://support.carta.com/s/article/exercising-options-on-carta). Alana Lindall 3 years ago5/1/2023 [**Cap Table Access Settings to Set Rule-Based Permissions For All Stakeholders**](https://releasenotes.carta.com/cap-table-access-settings-to-set-rule-based-permissions-for-all-stakeholders-2JfSJG) We are making it easier for companies to keep employees, investors, and other stakeholders informed about their holdings and company changes. ### What are we launching? With our new [Cap Table Access](https://support.carta.com/s/article/shareholder-experience-setting-access-levels) page, company administrators can designate what type of information they want to share with their different stakeholders and set rules based on these preferences. By setting permissions by rules instead of a stakeholder-by-stakeholder process, we make it easier for company administrators to get the right stakeholders the appropriate information and reflect their information-sharing philosophy. #### Who is this available for? We are making this available to all companies on Carta as of April 2023. ### Why are we launching this? Companies have historically been able to grant viewing permissions to their stakeholders via our [Cap Table Sharing](https://support.carta.com/s/article/setting-cap-table-access) page and features. This experience, however, was burdensome for many company administrators who found themselves having to change sharing settings as new stakeholders were added to their cap table or existing stakeholders changed their relationship to the company, such as an employee leaving the company or an investor exiting their position. ### Where do I find my Cap Table Access Settings? To update your Cap Table Access settings, navigate to _Stakeholders_ \> _Cap Table Acce_ _ss_. ### How does it work? Companies can choose to enable a group of stakeholders with a specific level of access based on their relationship with the company. For example, companies can choose what information founders, investors, employees, former employees, and other stakeholders access on Carta. We’ve renamed, updated, and simplified our access levels to Restricted, Basic, Advanced, and Full Details. We include a “Recommended” level for different relationships (e.g. Investors = Advanced) to help guide founders and other company administrators on setting up their Cap Table Access settings based on user feedback. We’ve also added a new rule where former stakeholders--those who no longer have an active investment or holding in the company--will be downgraded to Restricted automatically. This means that as stakeholders enter and exit the cap table, their respective levels of cap table access will update automatically. _New Cap Table Access page: Group levels_ We know that sometimes it’s important for company administrators to create experiences specific to a single stakeholder or user. The new Cap Table Access feature allows companies to set overrides for specific stakeholders in the “Individual levels” tab. We also provide information on that stakeholder’s relationship and holdings information. _New Cap Table Access page: Individual levels_ _Edit an Individual's Cap Table Access Settings_ To help ensure company administrators set access levels that best fit the needs of their stakeholders, our access level guide is clickable from either the Group Level or Individual Level views of the new Cap Table Access page. _View the Access level guide_ We appreciate our users’ feedback on how to make this page clearer and easier to use. We hope these improvements save company administrators valuable time and help them mirror their company information-sharing philosophy in our software. Alana Lindall 3 years ago5/1/2023 [**Videos recommended by your Carta Equity Tax Advisor**](https://releasenotes.carta.com/videos-recommended-by-your-carta-equity-tax-advisor-2wLx0Q) ## What’s new? Employees will now see videos from our 'Learn' library in their Session recap. The videos shown are recommended by their Carta Equity Tax Advisor, based on the conversation in their 1-1 session. ## What do I need to do? You can access the new feature by navigating to your Session recap either through email or directly on the 'Tax Advice' page in your portfolio. Have questions? Contact product@carta.com. Jordan Agnew 3 years ago4/28/2023 [**Terminating Multiple Stakeholders on Carta**](https://releasenotes.carta.com/terminating-multiple-stakeholders-on-carta-CGoU0) Starting today, we are launching a new feature to make it easier for companies to manage their stakeholders on Carta. Companies with an HRIS integration can terminate up to 25 stakeholders at a time. We are also making the process for performing terminations simpler by removing steps needed to complete this action. This feature is rolling out to select companies today and will be available to all company admins that have set up an HRIS integration on Carta by May 11, 2023. ### Who is this for? Companies on Carta that have an HRIS integration. If your company does not currently have an HRIS integration set up, you can do so by navigating to your _Settings ->_ _Integrations._ ### How does it work? Companies should take the following steps to terminate 1-25 stakeholders at once: - Navigate to _Stakeholders_ -\> _Stakeholder Changes_ - Navigate to the _Terminations_ tab (2nd from the left) - Select between 1 and 25 employees using the checkbox on the right - Click _Bulk Terminate Stakeholders_. If the admin has terminated at least one employee, this button will take them to the _Terminate Stakeholder_ page. - Check to make sure all data for each employee is correct before selecting _Terminate Stakeholder_ at the bottom. ### How is this different from the current experience? The current experience allowed for single employee terminations only. Each termination required the company admin to access multiple pages and take multiple steps. ### I do not have an HRIS integration. How do I get access to this feature? The best way to access this feature is to add an HRIS integration to your account. Carta supports over 100 HRIS providers. Connecting Carta to your HRIS will help you reduce time spent manually inputting data and ensure data accuracy as your stakeholder information changes over time. You can read more about how to connect your HRIS [here](https://support.carta.com/s/article/hris-integrations-overview). **I did a bulk termination incorrectly and I need to undo it. Can I reverse these terminations in bulk?** Not at this time. You will need to reverse each termination individually. You can review the instructions in detail in this [support article](https://support.carta.com/s/article/update-expiration-dates). ### Where do I go to learn more? You can review detailed instructions in this [support article](https://support.carta.com/s/article/terminate-stakeholders-update) or reach out to Carta support to learn more. Alana Lindall 3 years ago4/27/2023 [**New specializations for Design, Product, and Marketing**](https://releasenotes.carta.com/new-specializations-for-design-product-and-marketing-35Xw5O) ## What’s new? We’re excited to announce the release of three new specializations: - Art & Graphic Design (within the Design job area) - Product Management (within the Product job area) - Social Media (within the Marketing job area) No other benchmarks have changed in this update. #### How do I see benchmarks for the additional specializations? You can view benchmarks for the new specializations by: 1. Visiting the [Bands](https://comp.app.carta.com/bands) page and selecting “Design”, “Product”, or “Marketing” under Area. Once the job area is selected, you can select either the Art & Graphic Design, Product Management, or the Social Media specialization by selecting the Specialization dropdown. | | | | | --- | --- | --- | | | | | 1. This will allow you to view salary/equity bands for levels 1 - 8 for Art & Graphic Design or Product Management. For Social Media, data are available for levels 1-6. 1. The above process can be followed for each of the new specializations. #### How do benchmarks for the additional specializations affect the Employee Scorecard? The compa-ratio is a quick way to compare an employee's compensation to your plan's target rate for a given job area, level, and location. The compa-ratios for an employee assigned to the Art & Graphic Design, Product Management, and Social Media specializations will now be calculated using the target compensation for the specialization, not the job area. #### How do I update my benchmark version to use new specializations? You can update your compensation plan to use the latest benchmark versions either by: 1. Visiting the [Plan](https://comp.app.carta.com/plan) page and clicking on the "Update available" link in the Active Plan window. 1. Navigating to the [Bands](https://comp.app.carta.com/bands) page and clicking on the "Update" bubble in the top left. ## What’s next? The Carta Total Compensation team is working on our Q2 benchmark refresh for all job areas and specializations 3 years ago4/25/2023 [**Bulk download documents from the Documents Library**](https://releasenotes.carta.com/bulk-download-documents-from-the-documents-library-3Hqidi) ### What's new? You can now bulk download a large volume of documents from the Documents Library. ### What's important or valuable about this change? Admin users can download as many documents as they need to in one go from the Documents Library. This helps speed up tasks around tax season, such as downloading all the Form K-1s. ### What do I need to do? Select the documents you need to download, and click Actions → Download documents. The zip file will be available for you to download in the Downloads section at the top right. ### How do I learn more or get help? For more information about the Documents Library and distributing K-1s, visit our [support site](https://support.carta.com/s/article/carta-llc-overview). Des Duggan 3 years ago4/25/2023 [**New fast-fill feature for transactions**](https://releasenotes.carta.com/new-fast-fill-feature-for-transactions-3GhTH2) ### What's new? A new fast-fill feature is available when processing a large volume of terminations. ### What's important or valuable about this change? When making changes to a large volume of interests, the fast-fill feature lets you make them to multiple interests altogether instead of one by one. This helps you get through cap table update tasks, such as bulk termination of interests, more efficiently. ### What do I need to do? The fast-fill feature is available in the interest termination workflow today and will be available for more workflows soon. Click the lightning bolt button to the top left of the interests you’re terminating to fast-fill the termination reason and date. When you click on Fill column, you can choose to fill empty fields only or all fields, which provides you the flexibility to customize the termination reason and date for certain interests first and then fill in the rest with the same reason and date. ### How do I learn more or get help? For more information about terminating interests, visit our [support site](https://support.carta.com/s/article/carta-llc-terminate-interests). Des Duggan 3 years ago4/25/2023 [**Convert notes and SAFEs in Carta**](https://releasenotes.carta.com/convert-notes-and-safes-in-carta-3F9vaM) ### What's new? Admins can now convert notes and SAFEs into other types of interests in Carta. ### What's important or valuable about this change? Convertibles like notes and SAFEs are used by companies to raise money when they’re starting out. You can keep track of convertibles in Carta and when certain thresholds are met, convert them into actual equity. With our latest features, you can convert notes and SAFEs into other types of interests, issue these interests to investors, and automatically update your cap table. ### What do I need to do? To get started, select the notes and SAFEs you want to convert from the interest ledger, click Actions, and Convert Interests. You’ll need to have the following information available: - Effective date of the conversion event - Conversion price and destination interest type - Unit quantity for each converted interest - Conversion documents (optional) - Acceptance documents for new interests (optional) - Additional data for new interests In a few steps, you’ll provide the conversion event details, the quantities to convert, and confirmation of the conversion. ### How do I learn more or get help? For more information, visit our [support site](https://support.carta.com/s/article/carta-llc-overview). Des Duggan 3 years ago4/25/2023 [**Set up one-off vesting plans for interests**](https://releasenotes.carta.com/set-up-one-off-vesting-plans-for-interests-3E16Ew) ### What's new? You can now create a custom vesting plan for a particular interest. ### What's important or valuable about this change? Instead of creating a new vesting template, you can now create a custom vesting plan for an interest to accommodate a bespoke vesting schedule with time and performance conditions specific to the holder’s interest agreement. ### What do I need to do? Navigate to the Interest Details of the interest you want to customize the vesting plan for and then click on the Vesting tab. Click the Correct vesting plan button in the top right. You can customize the vesting plan for this particular interest granted to this interest holder. ### How do I learn more or get help? For more information on vesting schedules, visit our [support site](https://support.carta.com/s/article/carta-llc-manage-vesting-templates). Zeba Naqvi 3 years ago4/24/2023 [**International Scorecards**](https://releasenotes.carta.com/international-scorecards-rjTBm) ## What’s new? International salary and equity targets are now on both the company and employee Scorecards. This now enables users to easily compare non-US employee compensation to the market, similar to how comparisons are currently shown for US employees. International bands data continues to be available on the [Bands page](https://support.carta.com/s/article/total-comp-bands#international). On the Company Scorecard, users can see a complete view of all employees. Users can toggle between local currency and USD by clicking the checkbox at the top. View an Employee-level Scorecard by clicking into any employee for additional information on their salary and equity. By default, employee cash compensation and market targets will be shown in the employee’s local currency. Users can toggle between local currency and USD using the checkboxes at the top of the employee scorecards. As Carta Total Compensation only supports equity granted in USD, net equity values on all scorecards will only be shown in USD. #### How do I update my scorecards to show international salary and equity targets? No action is needed. The scorecards will update automatically with the appropriate data. ## What’s next? Carta Total Compensation is developing benchmarks for new specializations. 3 years ago4/19/2023 [**Learn page available to Employees with Tax Advisory**](https://releasenotes.carta.com/learn-page-available-to-employees-with-tax-advisory-3RDiNy) ## What’s new? Employees who have access to Carta Tax Advisory through their employer now have access to new, personalized educational content in their Carta portfolio. The release contains a few features for employees: 1\. New Learn page with personalized education chapters. The Learn page will have videos organized in personalized chapters, based on your equity and employment status. Chapters include: - Getting started - Purchasing options - Selling Equity - Leaving your company - Previously recorded webinars for your company 2\. Video player page with remaining videos in the chapter 3\. 'Recommended for you' videos on the portfolio page 4\. Schedule a session button on the portfolio home page You can now easily schedule a 1-1 session with your Carta Tax Advisor, directly from your portfolio. _5\. Coming soon: Recommendations will be driven by your 1-1 conversation with a Carta Tax Advisor!_ ## What do I need to do? You can access the new feature directly from your portfolio, or navigate to the ‘Learn’ page in the navigation bar. Have questions? Contact product@carta.com. Jordan Agnew 3 years ago4/6/2023 [**Design Improvements to the RSU Modal**](https://releasenotes.carta.com/design-improvements-to-the-rsu-modal-2JdGlq) Today we’re making design improvements to the RSU Modal to make it easier for holders to understand the value of their equity. ## **What is changing?** RSU holders now can see a summary view of their securities in the details tab, including an overview table with units breakdown. Also, double trigger RSUs are no longer stuck in a zeroed state, they can now see a breakdown of vesting information, including time-vested amounts. ## **Changes to the Details tab of the RSU Modal** RSU holders will see the following information on the RSU details page: 1. Original quantity / Issued: Total amount of RSUs granted on the issue date 2. Released for settlement: The number of vested units that have been part of a settlement event 3. Delivered: The number of shares ultimately delivered to the holder as a result of converting the RSU, after any shares withheld by the issuer as payment for the holder's tax obligation 4. Withheld at settlement: The number of shares that have been withheld to cover taxes at settlement 5. Partially-vested amount: eligible for settlement when performance is hit, or the the total number of shares time vested, and available for settlement 6. Remainder: Resulting number of shares from original quantity, after subtracting settled and withhold amounts The bottom of the details tab will now include an employee education modal, which will be used to surface important education about their RSUs. ## **Changes to the Vesting Schedules tab of the RSU Modal** Now, holders can see the cumulative values for all vesting conditions applicable to their RSUs, which can be time or milestone based, with or without additional performance conditions. We’ve updated the Vesting Schedules tab to account for the following scenarios (screenshots of each below): 1. Double trigger RSU (Based on time and an additional condition) 2. Double Trigger RSU (Based on milestones and an additional condition) 3. Single Trigger RSU (Based on time) 4. Single Trigger RSU (Based on milestones) 5. RSU has been terminated or expired **Double trigger RSU (Based on time and an additional condition)** **Double Trigger (Based on milestones and an additional condition)** **Single trigger (Based on time)** **Single trigger (Based on milestones)** **RSU has been terminated or expired** **Visit the resource center for more details** Have additional questions? Check out [support.carta.com](http://support.carta.com/) to learn more. Alana Lindall 3 years ago4/6/2023 [**Schedule Investor Notices**](https://releasenotes.carta.com/schedule-investor-notices-3IwLok) **What's new?** Take control of your investor communications with proactive scheduling. **What’s valuable about this change?** Specify the date you want notices to be shared with your investors for capital calls or distributions, and your Fund Admin team will proactively schedule the notification. **What do I need to do?** When you request a capital call or distribution in-app, you can choose an Issue date. This will be the date notices are sent to your LPs. **How do I learn more or get help?** Reach out to your account manager or [talk to one of our representatives](/content/requestdemo/?ir=inv-overview-hero1/index.html) today.