When you issue securities (like options and RSUs) or convertibles (like SAFEs) through Pulley, you'll receive fully executed, legally defensible, downloadable PDFs with e-signatures. And Pulley automatically updates your cap table.
1. Start the process by clicking the +Add button on the top left, and selecting "New Contract"
2. Select the legal agreement type
Pulley allows you to issue new option grants, SAFE agreements, and more:
3. Do a one-time setup of the Pulley template you will use for the grant
If you're issuing for the first time in Pulley, you'll need to do a one-time setup.
Example: For Option Grants, you'll need to...
Assign who from the company will e-sign all issued options
Format your templates into a Pulley Template and upload
⭐️ Templates removes the need to use tools like DocuSign or HelloSign
Note: After the onboarding is complete, all accounts have access to preset, ready-to-use templates for Option and RSA grants.
You can find them under Company > Templates to review before issuing equity with them.
Example: For SAFEs, you'll need to...
Assign who from the company will e-sign all issued SAFEs
Add the company's wire instructions for investors to follow
(Optional) Review the default SAFE templates or add your own
4. Enter agreement details
Now you're ready to fill out the agreement specifics: follow the form. If you're a Pulley pro and to need to issue multiple of the same agreement, we recommend the "spreadsheet" method.
5. Review your drafted agreements
Double check and preview the PDFs that your stakeholders will receive and e-sign:
6. Collect e-signatures 🖊
After you click Collect Signatures:
If you're the legal agreements' company signatory, then you'll receive both an email and a task within Pulley to e-sign the agreement.
Wait for the agreements' stakeholders to e-sign, too. You can resend the emails as needed.
New securities vs Existing securities
Existing securities are any securities that have been handled and signed offline already and not via Pulley. The purpose of adding an existing security is when you want to record them on the cap table.
New securities are when you want to issue securities straight from Pulley. This is for actually signing legal documentation on Pulley that grants securities to folks. This would be your stock option agreement, or restricted stock awards, etc.