Submitting 409A Through altshare

How to Run the 409A Process on altshare

The 409A request flow in altshare is structured, secure, and collaborative - designed to replace fragmented email workflows with a centralized, in-platform experience.
Instead of managing valuation over email, everything—from data collection to final report—is handled in one place.

Submitting
 

 Step 1: General Information

Start by answering a short set of questions about your company:
 – Valuation date
 – Recent fundraising activity
 – SAFEs or convertible notes
 – Exit expectations, warrants, secondary transactions
 – Industry and company description

Your answers help our valuation team:

• Select the appropriate valuation methodology
• Determine which documents are required for your specific.

Not sure about something?
Use the “Ask Question” option next to each field.
Our analysts will review and respond directly after submission.

Step 2: Import Your Cap Table

At this stage, you’ll pull your cap table from altshare’s dedicated Cap Table module - no manual uploads required.

Note:

• Your cap table must be up-to-date and published before starting the 409A process
• The valuation will be based on the selected cap table version

https://learningcenter.altshare.com/hc/en-us/articles/45546906280721-Publishing-and-Sharing-Your-Cap-Table

Step 3: Upload Supporting Documents

Upload the documents required based on your answers in Step 1..

Typical documents include:

• Articles of Association (AoA)
• Latest financial statements
• Option ledger (ESOP)
• Forecast (template available for download) 

Need Documents from Others?

You can request documents directly from relevant stakeholders (e.g., CFO, lawyer, accountant):Send a request via email directly from the platform

• The recipient can upload the documents through a secure link provided
• Documents are automatically attached to your request

All files are uploaded securely within the platform  - no email attachments.
 Documents are encrypted and accessible only to the valuation teamYou can also leave comments on each document if clarification is needed.

Step 4: Submit for Review

Once you've completed the flow, click Submit for Review.
 Your request will be sent directly to our valuation team.

From this point and on:

• Communication happens inside the platform
• You can chat directly with the assigned analyst

• Any missing data or clarifications will be handled here

   

  Note: This stage may include some back-and-forth to ensure all required data is complete and accurate.

Step 5: Draft Report Review

Once your valuation is complete, a draft report will be uploaded to the system.
 The draft includes:

• Valuation methodology
• Key assumptions
• Supporting analysis

You can:

• Review internally
• Share with board members or legal advisors
• Provide feedback before finalization

Step 6: Payment & Final Report

Once the draft is approved and payment is settled, the final signed 409A report will be uploaded to your account - audit-ready and compliant.

Ready to start? Click “Start 409A Request” from the 409A module and follow the steps above.