EquityList

EquityList is a web-based platform for managing company equity, cap tables, and related compliance work. It suits founders and finance or legal teams coordinating ownership and employee awards across entities. Its breadth is a strong draw, but stakeholder-based charges make the right plan depend on the size of the cap table.

Overview

EquityList brings ownership tracking, equity awards, buybacks, and expense reporting into one system for private and public companies. Cap tables record historical transactions, model fundraising scenarios, and support multiple entities, making the product relevant to teams whose equity administration spans more than a single ownership record.

For awards, it supports options, RSUs, and SARs, with vesting and exercise management for employees, advisors, and consultants. Advanced vesting, an employee portal, tax reporting, and valuation support extend its reach beyond basic cap table maintenance.

Key features

HR connections and access

EquityList names BambooHR, Keka, Darwinbox, and GreytHR integrations for syncing employee changes and payroll data. This can connect equity administration to workforce updates for teams using those HR systems. SAML-based single sign-on includes setup with providers such as Azure Active Directory.

Expense reporting and security

The finance solution provides stock expense numbers compliant with ASC 718, IFRS 2, and Ind AS 102, a useful fit for finance teams that need accounting support alongside equity records. EquityList says data is encrypted at rest and in transit, access is controlled and logged, and its practices are certified against SOC 2 and ISO 27001 standards.

Pricing

The free plan costs nothing and covers up to 10 stakeholders with 1,000 AI credits for a lifetime. It is a sensible starting point for a small company, but the low stakeholder ceiling and finite credit allotment limit its usefulness as equity activity grows.

Build costs $100 a year with annual billing, billed $1,200 billed annually. It includes 35 stakeholders, then charges +$35/stakeholder/yr, and provides 5,000 AI credits/month. The monthly option is $125 a month, with the same 35-stakeholder allowance, +$4/stakeholder/mo thereafter, and 5,000 AI credits/month. Build suits teams that need more room than Free; the additional-stakeholder charge means the headline price is not the full cost for larger cap tables.

Growth costs $265 a month with monthly billing or $292 a year with annual billing, billed $3,500 billed annually. Both plans include 50 stakeholders and 10,000 AI credits/month. Additional stakeholders cost +$6/stakeholder/mo on monthly billing or +$50/stakeholder/yr on annual billing. The monthly plan excludes 409A valuation, while the annual plan includes it. Growth is the better fit for teams needing more included stakeholders and credits, particularly if the annual plan's valuation inclusion matters.

Enterprise uses custom stakeholder counts and AI usage with custom pricing. Public-company pricing is also custom pricing, under an annual contract and scope-based proposal; implementation takes 3–5 weeks and includes priority support. Free includes email and Intercom support, community access, and bi-weekly office hours; Growth adds priority support and concierge onboarding.

Platforms

EquityList is available on the web.

Who it's for

EquityList is aimed at founders, lawyers, finance leads, and employees, with product coverage for private and public companies. It is strongest for organizations that want equity records, awards, HR syncing, and stock expense reporting in one platform. Small teams can begin on Free, while companies with more stakeholders should weigh the per-stakeholder charges against their expected cap table size.

Pros and cons

• Pros: Cap tables support historical transactions, fundraising scenarios, and multiple entities, while awards cover options, RSUs, and SARs.
• Pros: Named HR integrations, SAML single sign-on, and accounting-aligned expense reporting connect equity workflows with HR and finance needs.
• Cons: Free stops at 10 stakeholders, and paid plans bill additional stakeholders rather than setting a hard cutoff.
• Cons: The 409A valuation inclusion differs by Growth billing option: it is included annually but excluded monthly.

Alternatives

For a smaller free cap table with stock options and SAFE notes, Cake Equity includes five stakeholders on its free plan. Eqvista is another free option, with fewer than 20 stakeholders and cap table and ESOP management. Ledgy may suit teams wanting a free plan for up to 50 stakeholders, flexible multi-entry cap tables, and simple vesting. Vquity offers a free plan for one company and up to 10 stakeholders, with all modules.

Fidelity Private Shares is worth considering for eligible early-stage companies: its free Launch plan covers up to 25 stakeholders and less than $1M raised, with cap table management, equity plan generation, a data room, board consents, and scenario modeling. Empower Health and Welfare Benefits Administration is a paid alternative. Computershare BoardWorks is a paid board-management option with all modules included and additional users charged. Astrella is a paid alternative with an Early Stage plan for 0–25 stakeholders at $1,200 a year.

For broader comparisons, see Equity Compensation Management Software and Cap Table Management Software.

Verdict

Choose EquityList if your team wants cap table management, awards, HR syncing, and compliance-related expense reporting together, especially across multiple entities. Its main trade-off is predictable: free capacity is limited, and stakeholder growth adds charges, so companies expecting a larger cap table should compare the total plan cost before committing.