The Pulley platform uses Drafts for multiple purposes listed below:
Save securities to be added to cap table on a later date
Review and Edit securities before submitting to the cap table
Securities are required to be saved here before processing a board approval
Save Securities - When adding any securities on Pulley after filling out all the information, you are prompted to select Save & Continue. This will then save the securities to Drafts and will remain in drafts until deleted or added to the Cap Table. You can access all "Drafts" from the side navigation ribbon under the "Cap Table" header.
NOTE: When a draft is ready for review, you will see a notification icon and banner in app until drafts have been published.
Review and Edit - In section 2 of Drafts, both highlighted areas you can select to view the details of the securities and make changes if needed.
Edit - Allows you to view multiple securities in spreadsheet mode and make edits in bulk.
Certificate I.D. - allows you to view the security individually and make edits to a single security
Board Approvals - In order to start a board approval flow on Pulley it is required to have the Option Grants already drafted in Pulley.
FAQ:
When viewing the Drafts page, if you're unable to see any drafts - take a look at section 1 of the drafts page.
Toggle between Send Drafts for signing and Record drafts signed offline The drafts are separated between these 2 views for securities needing to e-sign and those that do not need signatures.
It is common to be currently viewing the wrong toggle menu in section 1 - once selected the other view you will see that your securities are still there and have not lost your data.
