Can I switch cap table platforms if I have active option grants and unvested equity?

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Yes. Cake migrates active option grants and vesting schedules as part of the standard migration process. Every grant, including unvested options, cliff dates, and acceleration provisions, is reconciled row by row. You review the full grant picture before activation. Active vesting schedules are not disrupted by the migration.

Active option grants are typically the element founders worry most about when switching platforms. The concern is that vesting schedules are live and ongoing. If something goes wrong in migration, an employee's vesting timeline could be affected.

Cake's migration process handles option grants with the same row-by-row verification it applies to every other record. For each grant, the reconciliation covers:

Grant date. Number of options granted. Strike price from the 409A in effect at grant date. Vesting schedule: total duration, cliff period, and vesting interval. Options already vested at the time of migration. Options not yet vested. Acceleration provisions, if any exist.

All of this is reviewed and confirmed in the reconciliation before your account goes live. Employees do not experience any interruption to their vesting. The vesting clock does not pause or reset. The schedule they had in your previous platform is the schedule they see in Cake after migration.

If there are discrepancies — grants that were not recorded correctly in your current platform, or vesting schedules that do not match the original option agreements — those are surfaced and resolved during reconciliation. This is one reason the migration process often results in a more accurate grant register than the one you started with.

Cake migrates every active option grant: grant date, vesting schedule, cliff, unvested balance. Vesting is not disrupted. Employees see their accurate grant details in MyCake when your account goes live. The migration is often the first time founders have full confidence that every grant record is correct — including grants issued years earlier under a different 409A.

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This article is designed and intended to provide general information in summary form on general topics. The material may not apply to all jurisdictions. The contents do not constitute legal, financial or tax advice. The contents is not intended to be a substitute for such advice and should not be relied upon as such. If you would like to chat with a lawyer, please get in touch and we can introduce you to one of our very friendly legal partners.