Rule 701 tracking

Cake tracks every equity grant against the three Rule 701 exemption limits and the $10M disclosure threshold — without leaving your cap table.

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Features

Compliance tools that track Rule 701

Generate QSBS attestation letter based off your cap table data

Track exemptions

See your position against all three Rule 701 limits at once, calculated from the grants already on your cap table.

Catch limits early

A clear status flags when you are approaching a limit, before your next grant pushes you over.

Monitor $10M threshhold

A separate tab tracks your running total toward the $10M disclosure obligation.

Value every grant directly

Options, RSUs, and RSAs are each valued by the right method using your 409A data.

Count the right grants

Active, exercised, and lapsed grants count automatically; cancelled grants are excluded and repricing resets the clock.

Export your position

Download the full grant detail behind each test to CSV for your records or your counsel.

See how Cake simplifies Rule 701.

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How it works

From grant to limit, with a clear read on where you stand.

Add your total assets

Enter your most recent balance-sheet total so Cake can run the 15%-of-assets test.

Review your position

See your status across all three tests and the $10M threshold, updated automatically as grants change.

Act before you cross

Use the early-warning status to time grants and exercises with confidence.

Talk to your counsel

When you are close to a limit, confirm your position and any obligations with your securities counsel.

Frequently asked questions

Your questions on Rule 701, answered

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Which Cake plans include Rule 701?

Rule 701 is available on our Build, Team, and Pro plans.

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Is Rule 701 tracker legal advice?

No. It is an informational tool that tracks your position from your own data. Confirm your position and any obligations with your securities counsel.

What does Rule 701 monitor?

Your position against the three Rule 701 exemption tests, plus your progress toward the separate $10M disclosure threshold.