Around The Table

This is the first post of our most frequently asked questions series. I wanted to start by discussing what actions on the platform trigger a notification when a security is modified. Only legal admins can modify a security and notifications are sent only when a security has been accepted by the holder.

Notifications are automatically sent by Carta and they cannot be disabled.

Below is a chart which shows what notifications are triggered when a certificate, option grant, RSA, or RSU are modified. These all trigger a notification because they are considered a significant change.

Modification of warrants triggers no notifications.

Convertible notes have more fields that trigger a notification when modified so I am using a this section below to capture them. They are the following:

• Issue date
• Currency
• All documents
• Maturity date
• Principal
• Valuation cap
• Conversion discount %
• Conversion trigger
• Change in control %
• Interest rate %
• Day count convention
• Interest accrual period
• Interest compounding period
• Interest payout

The review modal of the modifications will indicate when a notification is sent, as you can see in the screenshot below:

If you have more questions or comments on this topic, reply to this thread by selecting the reply button next to the post.

If you would like additional information on security modification notifications, you can reference this article.

If you have product feedback on this topic, submit it here.

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Greta Goldberg
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