StockIssuance

Object - Stock Issuance Transaction#

https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/objects/transactions/issuance/StockIssuance.schema.json

Description: Object describing a stock issuance transaction by the issuer and held by a stakeholder

Data Type: OCF Object - TX_STOCK_ISSUANCE

Composed From:

Properties:

Property	Type	Description	Required
id	`STRING`	Identifier for the object	`REQUIRED`
comments	[`STRING`]	Unstructured text comments related to and stored for the object	-
object_type	Constant: `TX_STOCK_ISSUANCE` Defined in schema/enums/ObjectType	Object type field	`REQUIRED`
date	schema/types/Date	Date on which the transaction occurred	`REQUIRED`
security_id	`STRING`	Identifier for the security (stock, plan security, warrant, or convertible) by which it can be referenced by other transaction objects. Note that while this identifier is created with an issuance object, it should be different than the issuance object's `id` field which identifies the issuance transaction object itself. All future transactions on the security (e.g. acceptance, transfer, cancel, etc.) must reference this `security_id` to qualify which security the transaction applies to.	`REQUIRED`
custom_id	`STRING`	A custom ID for this security (e.g. CN-1.)	`REQUIRED`
stakeholder_id	`STRING`	Identifier for the stakeholder that holds legal title to this security	`REQUIRED`
board_approval_date	schema/types/Date	Date of board approval for the security	-
stockholder_approval_date	schema/types/Date	Date on which the stockholders approved the security	-
consideration_text	`STRING`	Unstructured text description of consideration provided in exchange for security issuance	-
security_law_exemptions	[ schema/types/SecurityExemption ]	List of security law exemptions (and applicable jurisdictions) for this security	`REQUIRED`
stock_class_id	`STRING`	Identifier of the stock class for this stock issuance	`REQUIRED`
stock_plan_id	`STRING`	Identifier of StockPlan the Stock was issued from (in the case of RSAs or Stock issued from a plan).	-
share_numbers_issued	[ schema/types/ShareNumberRange ]	Range(s) of the specific share numbers included in this issuance. This is different from a certificate number you might include in the `custom_id` field or the `security_id` created in this issuance. This field should be used where, for whatever reason, shares are not fungible and you must track, with each issuance, which specific share numbers are included in the issuance - e.g. share numbers 1 - 100 and 250-300.	-
share_price	schema/types/Monetary	The price per share paid for the stock by the holder	`REQUIRED`
quantity	schema/types/Numeric	Number of shares issued to the stakeholder	`REQUIRED`
vesting_terms_id	`STRING`	Identifier of the VestingTerms to which this security is subject. If not present, security is fully vested on issuance.	-
cost_basis	schema/types/Monetary	The cost basis for this particular stock	-
stock_legend_ids	[`STRING`]	List of stock legend ids that apply to this stock	`REQUIRED`
issuance_type	`Enum - Stock Issuance Type` Description: Enumeration of issuance types where we want to draw attention to some unique aspect of a stock issuance (e.g. is it an RSA) ONE OF: • RSA • FOUNDERS_STOCK	Optional field to flag certain special types of issuances (like RSAs)	-

Source Code: schema/objects/transactions/issuance/StockIssuance

Examples:

[
  {
    "object_type": "TX_STOCK_ISSUANCE",
    "id": "test-stock-issuance-minimal",
    "security_id": "test-security-id",
    "date": "2022-02-01",
    "security_law_exemptions": [],
    "stakeholder_id": "stakeholder-id",
    "custom_id": "S-1",
    "stock_class_id": "stock-class-id",
    "share_price": {
      "amount": "1.00",
      "currency": "USD"
    },
    "quantity": "1000",
    "cost_basis": {
      "amount": "0",
      "currency": "USD"
    },
    "stock_legend_ids": [
      "stock-legend-id-1",
      "stock-legend-id-2"
    ]
  },
  {
    "object_type": "TX_STOCK_ISSUANCE",
    "id": "test-stock-issuance-minimal-RSA",
    "issuance_type": "RSA",
    "stock_plan_id": "2022-Plan",
    "vesting_terms_id": "4yr-1yr-cliff-schedule",
    "security_id": "test-security-id",
    "date": "2022-02-01",
    "security_law_exemptions": [],
    "stakeholder_id": "stakeholder-id",
    "custom_id": "S-1",
    "stock_class_id": "stock-class-id",
    "share_price": {
      "amount": "1.00",
      "currency": "USD"
    },
    "quantity": "1000",
    "cost_basis": {
      "amount": "0",
      "currency": "USD"
    },
    "stock_legend_ids": [
      "stock-legend-id-1",
      "stock-legend-id-2"
    ]
  },
  {
    "object_type": "TX_STOCK_ISSUANCE",
    "id": "test-stock-issuance-with-share-tracking",
    "security_id": "test-security-id",
    "date": "2022-02-01",
    "security_law_exemptions": [],
    "stakeholder_id": "stakeholder-id",
    "custom_id": "S-1",
    "stock_class_id": "stock-class-id",
    "share_price": {
      "amount": "1.00",
      "currency": "USD"
    },
    "quantity": "1000",
    "cost_basis": {
      "amount": "0",
      "currency": "USD"
    },
    "share_numbers_issued": [
      {
        "starting_share_number": "1",
        "ending_share_number": "1000"
      }
    ],
    "stock_legend_ids": [
      "stock-legend-id-1",
      "stock-legend-id-2"
    ]
  },
  {
    "object_type": "TX_STOCK_ISSUANCE",
    "id": "test-stock-issuance-full-fields",
    "security_id": "test-stock-issuance-security-id",
    "date": "2022-02-01",
    "security_law_exemptions": [
      {
        "description": "Exemption",
        "jurisdiction": "US"
      }
    ],
    "board_approval_date": "2022-02-01",
    "stakeholder_id": "stakeholder-id",
    "consideration_text": "1.00 USD and 2 tickets to Lion King",
    "custom_id": "S-1",
    "stock_class_id": "stock-class-id",
    "share_price": {
      "amount": "1.00",
      "currency": "USD"
    },
    "quantity": "1000",
    "cost_basis": {
      "amount": "0",
      "currency": "USD"
    },
    "stock_legend_ids": [
      "stock-legend-id-1",
      "stock-legend-id-2"
    ],
    "comments": [
      "Here is a comment",
      "Here is another comment"
    ],
    "vesting_terms_id": "4yr-1yr-cliff-schedule"
  }
]