Overview

EquityList tracks ownership changes, grants, exercises, buybacks, and equity expenses. Its cap tables preserve transaction history, model fundraising scenarios, and support multiple entities, which is useful when a company’s ownership records have to keep pace with financing and structural changes.

The awards workflow covers options, RSUs, and SARs for employees, advisors, and consultants, with vesting and exercise management. Advanced vesting, an employee portal, tax reporting, and valuation support extend the platform beyond basic cap-table recordkeeping. That breadth can suit teams coordinating equity across finance and HR, but it also makes the stakeholder count consequential: included limits are finite, and Build and Growth charge for additional stakeholders.

Key features

HR, finance, and compliance

Named HRMS integrations with BambooHR, Keka, Darwinbox, and GreytHR sync employee changes and payroll data. This is most useful for teams already using one of those systems; the stated integrations do not establish coverage for other HR platforms. The finance solution provides stock expense figures compliant with ASC 718, IFRS 2, and Ind AS 102, giving finance teams support for accounting across those standards.

Security and access

EquityList says it encrypts data at rest and in transit, controls and logs access, and has practices certified against SOC 2 and ISO 27001 standards. SAML-based single sign-on, including setup with a provider such as Azure Active Directory, adds a relevant access-control option for organizations using an identity provider.

Pricing

The Free plan is free and includes up to 10 stakeholders and 1,000 AI credits for the life of the account. Email and Intercom support, community access, and bi-weekly office hours are included. It offers a way to start without a subscription, but the stakeholder cap and lifetime credit allowance make it a constrained fit for ongoing administration as the company grows.

Build includes 35 stakeholders and 5,000 AI credits per month. Annual billing is $100.00 USD per year, billed $1,200 billed annually, with additional stakeholders at +$35/stakeholder/yr. Monthly billing is $125.00 USD per month, billed billed monthly, with extra stakeholders at +$4/stakeholder/mo. Both versions automatically bill additional stakeholders rather than imposing a hard cutoff, so the included count is a cost threshold, not a maximum.

Growth includes 50 stakeholders and 10,000 AI credits per month, plus priority support and concierge onboarding. The monthly plan is $265.00 USD per month, billed billed monthly, and additional stakeholders cost +$6/stakeholder/mo; 409A valuation is not included. The annual plan is $292.00 USD per year, billed $3,500 billed annually, with additional stakeholders at +$50/stakeholder/yr and 409A valuation included. The difference in valuation coverage matters to companies that need it, while the additional-stakeholder charge means neither plan has a hard headcount cutoff.

Enterprise has custom pricing, with custom stakeholder count and AI usage. Public-company pricing is also custom pricing, presented as an annual scope-based proposal with a 3–5 weeks implementation period and priority support. Listed companies should expect a scoped engagement rather than a fixed plan price.

Platforms

EquityList runs on the web. That suits teams administering equity through a browser, but companies seeking a dedicated mobile app should compare alternatives with Android or iOS support.

Who it's for

EquityList is aimed at founders, lawyers, finance leads, and employees, with product coverage for private and public companies. It is particularly relevant where cap tables, employee awards, and equity expense reporting need to sit alongside HR data and compliance workflows. A small team can begin on Free, while growing organizations should weigh included stakeholder counts and ongoing charges against their expected recipient population.

Pros and cons

Pros: Cap tables combine historical transaction records, fundraising scenarios, and multiple-entity support, useful for companies with changing ownership structures.
Pros: Options, RSUs, and SARs are covered alongside vesting, exercise management, tax reporting, valuation support, and an employee portal.
Pros: Named HRMS integrations and expense reporting aligned with ASC 718, IFRS 2, and Ind AS 102 connect equity administration to workforce and finance workflows.
Cons: Free stops at 10 stakeholders, and Build and Growth automatically bill beyond their included counts, making growth a recurring cost consideration.
Cons: The Free plan’s 1,000 AI credits are lifetime credits, while paid plans specify monthly allowances; listed-company pricing requires a custom scope-based proposal.
Cons: Web is the only stated platform, so mobile-native access is not a fit for teams that require it.

Alternatives

For a broader comparison, see Cap Table Management Software and Equity Compensation Management Software.

Choose Cake Equity if Android or iOS access matters alongside web, or if its free tier’s five-stakeholder allowance and stated cap-table, stock-option, and SAFE-note coverage match a very small company’s needs.

Eqvista may suit teams looking for a free cap-table and ESOP tier for fewer than 20 stakeholders that also includes vesting schedules, stakeholder accounts, and a data room.

Ledgy is worth considering for teams that value an API as well as web access and want a free Launch tier capped at 50 stakeholders, with equity plans, grants, simple vesting, and self-service.

Astrella is an alternative for teams prepared to start on a paid plan: its Early Stage tier is $1,200.00 USD per year for 0–25 stakeholders and its platform includes Android, iOS, and web.

Capboard is another option to compare, including for teams considering self-hosted deployment.

Capmatter is an alternative with web access and a free plan.

Hemrock may appeal to teams seeking a self-hosted option with no per-seat fees; its stated self-hosted plan runs on the company’s infrastructure.

Mantle is an alternative to consider for a free web plan that states unlimited stakeholders and includes SAFE signing, vesting schedules, scenario modelling, and cap-table exports.

Verdict

Choose EquityList if your company needs cap tables, awards, and compliant equity-expense reporting in one web platform, especially across multiple entities and connected HR workflows. Its award and finance coverage is the central reason to choose it; look elsewhere if mobile access is essential or stakeholder-based charges make the projected cost unsuitable.

	EquityList	Wealthlane
Free plan	Yes
Paid from	$8.33/mo
Platforms	Web	iOS, Web
Free plan	Yes
Paid from	100 /mo
Award types	ESOP, RSU, SAR	RSUs, ISOs, NQSOs, PSUs, ESPPs, RSAs
Vesting rule support	advanced
Employee portal	Yes	Yes
Tax reporting	Yes	Yes
Valuation support	Yes	Yes
Recipient limit	10 recipients

EquityList vs Wealthlane

EquityList

Wealthlane