STEP 3 – Instrument Picker

You're ready to turn your team into co-owners—let’s make it official! After completing STEP 2, you’ll receive the STEP 3 tutorial where the goal is to issue the legal documents that define the co-ownership structure that best suits your company.

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✅ What Happens in STEP 3?

Click in the email you received to begin. You’ll land on a page with an overview of all the co-ownership instruments included in your selected onboarding package.

🎥 The page features a helpful explainer video (in Dutch) that walks you through each option. If you need more guidance, you can schedule a call with one of our experts (note: this may involve an additional fee, depending on your onboarding package).

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🛠 Available Co-Ownership Models

Choose the structure that aligns best with your goals:

• STAK model
  
  
• STAK model – only with Trust Conditions
  
  
• 100% STAK model
  
  
• EER (Economic Ownership Rights)
  
  
• Option model
  
  
• SAR model (Stock Appreciation Rights)
  
  
• CLA (Convertible Loan Agreement)
  
  
• Bond model
  
  
• I’m done, no new participation plan
  
  

💡 You can return to this page anytime to issue additional documents—until you select ‘I’m done, no new participation plan’, in STEP 3 a tutorial email will keep bringing you back for more document issuance until you select ‘I’m done, no new participation plan’.

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📩 How Are the Legal Documents Created?

Once you select your instrument and click , you'll receive a link to a custom questionnaire in your inbox. Your answers help generate a tailor-made legal document suited to your company’s needs.

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✍️ Questionnaires Overview

Here are the questionnaires needed for each model. It's a good idea to preview them in advance so you’re ready to provide accurate input:

• 2.1 - SAR model (Stock Appreciation Rights)

• 2.2 - Option model

• 2.3 - EER (Economic Ownership Rights)

• 2.4 - CLA (Convertible Loan Agreement)

• 2.5 - Bond

• 2.6 – STAK model

• 2.7 - STAK model – only with Trust Conditions

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📄 Your First Draft

Once you complete a questionnaire and click , your first draft will be emailed to you in Word format. You can review, edit, and share it as needed.

Need expert input? That same email will include a link to schedule a follow-up call (note: additional fees may apply depending on your package).

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🧾 Special Note: Setting Up a STAK

If you’re implementing a STAK model but don’t yet have a STAK entity—or your current STAK doesn’t own any shares—a notarial process is required.

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🏛 The Notary Process

To complete the STAK setup and share issuance, you’ll need to provide (besides the final versions of the STAK Statute and Share Issuance documents that we help you issue), the digital copies of the following documents of the Company that will issue new shares to the STAK:

• Company Statute
  
  
• Balance Sheet
  
  
• Shareholders Register
  
  

The physical copies of the documents shall be delivered at the notary’s office.

 And here is the information the notary will require:

• Name of the STAK:
  
  
• With or without voting rights:
  
  
• Total number of shares to be transferred to the STAK:
  
  
• Number of new shares to be issued to STAK:
  
  
• Number of shares transferred from existing shareholders to STAK:
  
  
• Number of shareholders involved in the transfer:
  
  
• Transaction value:
  
  
  • Nominal value for new share issuance
    
    
  • Market value for share transfers
    
    
• Court location:
  
  
• FirstSTAK directors:
  
  

📌 Note on Costs:
Standard cost for establishing a STAK and issuing new shares is €1,950. Extra costs may apply in case of additional complexity (e.g., extra deeds).

➕ STEP 3 Complete?

When you're confident all the necessary instruments have been issued, select: ‘I’m done, no new participation plan’...and you’ll move on to STEP 4.

From STEP 4 on, you can complete the platform set up in less than 10 minutes 

🎥 A video tutorial for complete platform set upis available here: https://secure.vormats.com/engage/aa44a33a-72fe-42c4-bdfd-75d086145355