Capitalization Table (Cap Table)

PREAMBLE - EQUITY CAPITALIZATION STRUCTURE

This Capitalization Table (Cap Table) for [Company Name, Inc./GmbH] as of [Date] reflects all equity ownership and equity grants per statutory share register requirements: GmbHG §28 (Share Register - German GmbH), GmbHG §40 (Handelsregister - Commercial Register), Delaware §151 (Authorized & Outstanding Shares - US C-Corp), IRC §409A (Valuation - Stock Options), IRC §422 (ISO Options - US).

1. COMMON STOCK OWNERSHIP (FOUNDERS & EARLY INVESTORS)

1.1 Fully Diluted Share Count: Per Delaware §151(a):
• Total Authorized Shares: [X,000,000]
• Common Shares Outstanding: [X,000,000]
• Reserved for future grants: [X,000,000] (option pool)
Common Stock Table:

Shareholder	Share Class	Shares	% (Current)	% (FD)	Vesting	Fair Market Value
[Founder 1]	Common	[X,000,000]	[X%]	[X%]	Fully vested	EUR [X]
[Founder 2]	Common	[X,000,000]	[X%]	[X%]	Fully vested	EUR [X]
[Early Employee]	Common	[X,000,000]	[X%]	[X%]	4yr/1yr cliff (X% vested)	EUR [X]
Option Pool (Reserved)	Common	[X,000,000]	0%	[X%]	Not yet granted	N/A

2. PREFERRED STOCK (VENTURE CAPITAL ROUNDS)

2.1 Series A Preferred Stock (INVESTMENT ROUND): Per GmbHG §28 (German tracking) & Delaware §151(b) (Preferred Designation):
• Closing Date: [Date]
• Total Investment: EUR [X Million]
• Share Price: EUR [X.XX] per Series A share
Series A Investor Table:

Investor	Series A Shares	Price/Share	Total Investment	% Ownership (Post-Money)	Board Seat
[Lead VC Fund]	[X,000,000]	EUR [X.XX]	EUR [X Million]	[X%]	Yes
[Co-Investor A]	[X,000,000]	EUR [X.XX]	EUR [X Million]	[X%]	Observer

Series A Rights & Preferences: Per Delaware §151(a) & (b):
✓ 1x Liquidation Preference (paid first, before common) per Delaware §151(b)
✓ Anti-Dilution Protection (weighted average) per Delaware §151(a)
✓ Board Seat (Investor appointed director) per Delaware §141
✓ Pro-Rata Rights (participate in future rounds) per Delaware §151(a)
✓ Drag-Along Rights (forced sale) per Delaware §151(a)
✓ Registration Rights (IPO demand) per Delaware §151(a)

3. EMPLOYEE OPTION POOL & VESTING SCHEDULE

3.1 Option Grants (ISO & NSO): Per IRC §422 (Incentive Stock Options) & IRC §409A (Valuation):
Option Holder Table:

Employee	Option Type	Shares Granted	Exercise Price	Grant Date	Vesting Schedule	Vested %
[Employee 1]	ISO	[X,000]	EUR [X.XX]	[Date]	4-year / 1-year cliff	[X%]
[Employee 2]	NSO	[X,000]	EUR [X.XX]	[Date]	4-year / 1-year cliff	[X%]

3.2 Vesting Terms (CRITICAL - IRC §409A Compliance): Per IRC §409A (Tax Implications):
• Standard Vesting: 4-year vest with 1-year cliff (25% year 1, then monthly over remaining 3 years)
• Exercise Price: FMV (Fair Market Value) on grant date per IRC §409A(d)(1)
• 409A Valuation: Performed by independent appraiser per IRC §409A(b) (incorrect valuation = adverse tax treatment)
• Double-Trigger Acceleration: Options accelerate only upon change of control + termination per IRC §409A

4. KEY METRICS & POST-MONEY VALUATION

Ownership Summary (as of [Date]):

Holder Class	Current Ownership %	Fully Diluted %	Notes
Founder 1	[X%]	[X%]	Common stock
Founder 2	[X%]	[X%]	Common stock
Series A Investors	[X%]	[X%]	1x liquidation pref
Employee Option Pool	0%	[X%]	Unallocated / Reserved

Valuation Metrics:
• Pre-Money Valuation (Series A): EUR [X Million] per IRC §409A
• Post-Money Valuation (after Series A): EUR [X Million]
• Founder Ownership (Fully Diluted): [X%]
• Employee Pool (Remaining): [X%]

5. COMPLIANCE & REGULATORY REQUIREMENTS

5.1 German GmbH Compliance (if applicable): Per GmbHG §28 (Share Register) & GmbHG §40 (Handelsregister):
✓ Share register kept at company office per GmbHG §28(1)
✓ All share transfers documented per GmbHG §15 (Share Certificates)
✓ Changes registered with Handelsregister within statutory timeframe per GmbHG §40

5.2 US C-Corp Compliance: Per Delaware §102 (Board of Directors) & IRC §409A:
✓ 409A Valuation performed annually per IRC §409A(b) (failure = adverse tax treatment)
✓ Option grants board-approved per Delaware §102
✓ Equity plan disclosed in cap table per IRC §409A documentation

CRITICAL CAP TABLE POINTS: 409A valuation failure = adverse tax consequences (income + penalties per IRC §409A). Preferred stock = liquidation priority (paid before common). Anti-dilution essential (protects investor stake). Drag-along + registration rights standard VC terms. Founder vesting critical (4yr/1yr = 25% cliff year 1, then monthly). Fully diluted ownership = includes all options, not just current shares. Authorized shares must exceed outstanding (room for future grants). Common stock holders have NO liquidation preference (prefer last per Delaware §151). Share register must be maintained (GmbHG §28 Germany / Delaware §151 US).

As of: [Date] | Prepared by: [CFO/Legal] | CONFIDENTIAL - Share Information