Shoobx Release Notes - 2023

August 18, 2023

General Updates

• I-9 Update: The DHS recently released a permanent form for remote inspection of I-9 documentation. The official DHS E-verify system must be used in order to utilize the remote version. We have updated our I-9 workflow to account for these changes.
• Amend Grant: Our Amend Grant process now allows users to edit all of the terms of a given grant. Users can also waive the amendment document if no amended and restated grant was issued.

July 14, 2023

General Updates

• Equity Promises: Within the platform’s capitalization table, users can view a version of the cap table that treats all equity promises as if they had been granted. We have updated this feature to better distinguish between option grants and RSAs, thus improving overall clarity.

June 16, 2023

General Updates

• Discarded Processes: Our team can now view discarded processes in the event that a client reaches out about something historical.
• Error Messaging: Our error messaging in required fields within workflows now reacts after the field is submitted rather than in the middle of edits.

May 19, 2023

General Updates

• ASC 718: Our team made a variety of updates to our ASC 718 reports, including an increase in the number of decimal places displayed in pricing columns, and the addition of grantees' names to the expense allocation tab.

May 5, 2023

General Updates

• Board of Directors: We made improvements to the Update Board Structure workflow to improve its efficiency and clarity.
• Relationship Notification settings: We updated the settings page for relationship notifications to improve its usability.

April 28, 2023

General Updates

• Capitalization Table export: We have made an update to the export to help make it obvious which stock incentive plan was issued to issue a particular grant.
• Banking integration: The integration we formally offered with Silicon Valley Bank is no longer available.

April 14, 2023

General Updates

• 409A Report process: We have improved the 409A report process so that the communication between clients and vendors is more streamlined.
• Branding updates: In connection with the recent acquisition, we have updated branding throughout the platform to align with Fidelity.
• Two-Factor Authentication: The app's two factor authentication has switched from Duo Mobile to a simple text or email code.

March 31, 2023

General Updates

• Fundraising Report: The Fundraising Report has been redesigned to be more user friendly – providing a clearer summary of all events and more detail on individual transactions. 
• Saved vesting schedules: Users can now save multiple types of vesting schedules (e.g. one for new hires and one for retention grants) in the workflow administration settings.
• Plan Utilization Report: This new report provides a summary of plan transactions and a percentage utilization rate for the Stock Incentive Plan as of a given date.

March 17, 2023

General Updates

• 2FA verification: We streamlined the 2FA instructions for new stakeholders to make adding their phone number and securing their account even easier. 

• Document labeling: We updated our document labeling within the data room to minimize confusion around some documents that were displaying as “active.”
• External signatures: We made changes to the Sign External Documents workflow to improve its functionality.

February 23, 2023

General Updates

• Phone number verification: We updated the messaging for phone number verification to help make it clear that we only support US phone numbers.
• Deferred documents: We removed the "Download" option for deferred documents since there is no actual document body to download.
• User Profile: We updated User Profiles to allow for editing of one's Social Security Number.

January 27, 2023

General Updates

• Companies & Firms Directory: We added a search bar to the Companies & Firms listing page to make it simpler to find a particular entity.

• Start New Workflow page: We made changes to the Start New Workflow page's formatting to make it easier to navigate.

January 13, 2023

General Updates

• Equity transactions reporting: The Equity Transactions Report now includes stock splits.
• Data room clarity: We no longer show active/inactive status labels for Consulting Agreements, Advisor Agreements, Offer Letters, NDAs, and Employee Confidentiality Agreements.
• 83(b) Election improvements: Companies can now appoint a representative to review employees’ 83(b) filing evidence.

1089398.1.0

© 2023 FMR LLC. All rights reserved.