Longpass · Whitepaper · v1.0

The operating system for employee ownership.

Phantom equity, vesting and liquidity — engineered for trust, transparency and scale. A complete reference for finance leaders, founders and people teams.

Published May 2026 ~12 min read SOC 2 controls Global compliance
§ 01Executive summary

The operating system for employee ownership.

Longpass turns phantom equity, vesting and liquidity into a transparent, fintech-grade experience — built for modern companies and the people who make them.

Built for
Phantom & SAR plans
Status
Live · Multi-tenant
Security
SOC 2 controls

The way modern companies share upside with their teams has not kept up with the way they actually grow. Spreadsheets, PDFs and email threads still run programs worth hundreds of millions of dollars. Employees rarely understand what they own, finance cannot reconcile in real time, and liquidity becomes a fire drill the moment a window opens.

Longpass is the operating system that replaces this. A single, role-aware platform for admins, employees and operators — with policy-driven workflows, an immutable audit trail, and the kind of clarity people expect from their bank, not their HR portal.

What this document covers

A complete walk-through of the platform, our liquidity model, security posture, pricing and roadmap — written for decision-makers evaluating phantom equity infrastructure.

  • One source of truth. Plans, grants, vesting schedules and ledgers in one auditable system.
  • Employee-first UX. Every teammate sees what they own, what's vested and what's payable — live.
  • Liquidity windows. Structured cash-out events with caps, proration and policy controls.
  • Enterprise security. SOC 2 controls, RBAC, full audit trail and SSO support.
§ 02The problem

Ownership today is opaque, manual and untrusted.

Most companies still run phantom equity in spreadsheets and PDFs. Employees can't see what they own. Finance can't reconcile. Liquidity becomes a quarter-long project.

Time per liquidity event
4–8 weeks
Avg. systems involved
5+
Employee understanding
Low

Equity programs were designed for a world of annual board meetings and printed certificates. Today's companies onboard remotely across a dozen jurisdictions, change their cap table weekly, and run liquidity events on quarterly cycles. The old toolchain cannot keep up.

What breaks today

  • Fragmented records. Grants live across HR, finance and legal — with no canonical source.
  • Low trust. Employees rarely understand grants, cliffs or tax treatment.
  • Manual reconciliation. Finance rebuilds the cap table every quarter from scratch.
  • Fire-drill liquidity. Each window is a bespoke spreadsheet project.
  • No audit trail. Edits, approvals and payouts are scattered across email.
  • Cross-border complexity. FX, withholding and policy gates compound the chaos.
Trust collapses when people can't see what they own. Most equity programs lose value before they ever pay out.
§ 03The solution

One platform. Three connected experiences.

Longpass brings admins, employees and operators onto a single ownership platform — with real-time data, beautiful UX and policy-driven controls baked in.

Portals
Admin · Employee · Super
Data model
Real-time
Setup time
Days, not quarters

We designed Longpass as one platform with three first-class surfaces. The data model is shared — every action by an admin updates what an employee sees instantly, and every payout flows through the same audit trail an operator can inspect.

Admin

Issue grants, manage vesting, schedule windows and run reports.

Employee

See grants, vesting progress and payable balance. Withdraw during open windows.

Operator

Manage multiple companies, monitor health and enforce platform policy.

Every role gets a tailored surface. The data stays consistent, the audit trail stays clean.
§ 04Product architecture

Built like Stripe. Trusted like Carta.

Every primitive — plans, grants, vesting, windows, settlements — is a first-class object with APIs, audit trails and policy hooks.

Award types
Phantom · SAR · Custom
Vesting modes
Time · Milestone · Perf
Integrations
Payroll · HRIS · Banking

The platform is composed of independent modules that share one ledger. You can adopt Longpass for grant issuance alone, then expand into liquidity and reporting without re-platforming.

Plans & grants

Phantom shares, SARs and custom awards with templated agreements and digital acceptance.

Vesting engine

Time-based, milestone, performance and hybrid schedules with cliffs and accelerators.

Liquidity windows

Configure cap, pool, proration, withholding and payout rails for each window.

Reporting

Cap-table snapshots, expense schedules, FAS 123R / IFRS 2 and board-ready exports.

If Stripe built Carta for modern phantom equity — that's the bar Longpass is engineered to clear.
§ 05Liquidity engine

Turn vested value into real cash, on your terms.

Define windows, set caps and proration rules, collect intent, run settlements and pay out — all from one console.

Window types
Scheduled · Ad-hoc
Methods
Pro-rata · Lottery · Tier
Rails
Bank · Payroll · Stable

Liquidity used to be the hardest moment in any equity program. Longpass collapses that quarter-long project into a structured, auditable workflow you can run in days.

The window lifecycle

  1. 1Configure. Cap, pool, eligibility, proration and tax rules.
  2. 2Announce. Employees see their indicative payout with a clear deadline.
  3. 3Collect intent. Participants opt in with a single click; consent and disclosures are logged.
  4. 4Settle. Engine prorates, withholds and generates statements automatically.
  5. 5Pay out. Funds disburse via bank, payroll or stablecoin rails.
A liquidity event used to be a quarter-long project. With Longpass it's a workflow.
§ 06Security & trust

Enterprise-grade controls, by default.

Longpass is engineered for fiduciary trust. Every action is logged, every role is scoped, every secret is encrypted.

Certifications
SOC 2 controls
Auth
SSO · MFA
Regions
US · EU · APAC

Security is the foundation, not a feature flag. Every tenant inherits the same controls enterprise customers require — and our enterprise tier extends them further with customer-managed keys and regional data residency.

  • SOC 2 controls. Type II controls across access, change management and incident response.
  • SSO + RBAC. SAML/OIDC SSO, role-based access, MFA enforcement and session policy.
  • Encryption. TLS in transit, AES-256 at rest, CMK on enterprise tier.
  • Audit trail. Every grant edit, window action and payout is immutable and exportable.
  • Data residency. Region selection for EU, US and APAC tenants.
  • DR ready. Continuous backups, point-in-time recovery and documented RTO/RPO.
§ 07Roadmap

Shipped quarterly. No vapor.

Our roadmap is sequenced to deliver value at every stage — starting with the cleanest phantom equity stack and expanding into payroll, tax and global settlement.

Now
Platform live
Next
Integrations
Future
Programmable settlement
Now
Admin · Employee · Operator portals

Plans, grants, vesting engine, liquidity windows and reports — live in production.

Next quarter
Payroll & HRIS integrations

Native connectors to Rippling, Gusto, Deel, BambooHR and Workday.

H2
Tax & filings co-pilot

409A workflow, FAS 123R expense, and per-jurisdiction tax automation.

Future
Programmable settlement

Optional on-chain settlement and compliant secondary participation.

§ 08Pricing

Transparent pricing. Predictable scale.

Longpass charges per participant per month, with platform tiers that unlock advanced workflows, security and integrations.

Starter
$4 /pp/mo
Growth
$8 /pp/mo
Enterprise
Custom
Starter
$4 /pp/mo
Up to 50 participants
  • Plans, grants, vesting
  • Employee portal
  • Email support
Growth
Popular
$8 /pp/mo
Most popular
  • Liquidity windows
  • SSO + audit log
  • Priority support
Enterprise
Custom
Annual
  • CMK + data residency
  • Dedicated CSM
  • Custom SLAs
§ 09Get started

Bring ownership into the open.

Book a 20-minute walkthrough with our team. We'll show you how Longpass replaces five tools with one trusted platform.

Ready when you are

We typically deploy a new tenant in under 5 business days. Bring your existing plan documents and we'll model them inside the platform during the demo.

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