For R&W / W&I Insurance
The policy covers every grant.
The diligence read a sample.
Vest reads all of them. Every finding cited to its source document.
Book an Intro Call212 grants. Two ways to read them.
Illustrative scenarioA hypothetical data room at realistic scale. Not client data.
20 / 212
grants read
1
findings surfaced
The sample caught one.
The file held six.
This one is an illustration. What your next file holds is the open question.
The Problem: The Exposure Nobody Priced.
A submission lands. Israeli target, 340 employees, options under Section 102. The underwriting call is Thursday.
Counsel's report covers the plan, a sample of the grant letters, and the ledger the company handed over. Not because anyone believes a sample is enough. Because the deal signs in three weeks.
You cannot check the work. Section 102 is not expertise a foreign insurer carries in-house. If a blown election surfaces after close, the claim lands on your book.
Sampling is not a diligence standard. It is a budget constraint that hardened into one.
Somewhere in the grants nobody read
sits the claim nobody priced.
Why Now
Rare → Routine
In a few years, R&W coverage on Israeli deals went from rare to routine, replacing escrow as the default deal mechanic.
Still a sample
The equity diligence under those policies has not moved.
Coverage kept climbing. The diligence under it never moved.
Vest reviews the whole population. Deterministic checks, every finding cited to source.
How Vest Works
Any Data Room, Any Format
Vest reads whatever the room contains: PDF, Excel, scanned grant letters. No setup on the seller's side. If the buyer has access, the review can run.
Full-Population Grant Review
Vest reconciles every grant letter, board approval, and ledger entry against the cap table. Every conflict surfaces.
Findings Cited to Source
Each finding names the document, the clause, the conflict, and its severity. Counsel clicks through and confirms. Written for readers who have never touched Israeli equity law.
Section 102 Native
Vest checks track eligibility, holding periods, trustee alignment, and approval chains against the grant record. The Israeli expertise you cannot hire for one deal, built in.
Built for Underwriters
Your Comfort Comes From Counsel's Report. It Still Does.
Counsel still runs the review and still signs the DD report you rely on. Vest changes the floor that report starts from: every grant read, every finding cited to the exact clause, so counsel verifies instead of trusts.
The underwriters who see the whole file, on live Israeli deals, will know exactly how much Section 102 exposure they are pricing. Everyone else keeps hoping the sample caught what matters.
Same counsel, same sign-off. A review that read everything.
The only equity platform that builds from source documents. No data entry, no dependency on the seller.
Proven on a Live Exit
Revelator x Warner Music Group
2 Weeks
Standard ESOP DD timeline
Less than 1 Working Day
With Vest
Revelator had been on Vest for 8 months before Warner Music acquired them. The data was already clean. Reconciliation was continuous, not a crisis. When DD started, it was already done.
"There is no comparable product in the world that knows how to do due diligence on options like this."
Andrew Fine, Founder, Line Consulting
Common Questions
Answered.
Do any insurers or brokers use Vest in underwriting today?
Does the target company need to be a Vest customer?
What does the findings report cover?
We have no Israeli equity expertise in-house. Can we read the output?
Who engages Vest on a deal, and who pays?
Is Vest only for Israeli deals?
The next Israeli submission on your desk will have Section 102 equity in it.
Watch a full review run on a real data room. 30 minutes, no commitment.
Book an Intro Call