409A Valuation
An independent appraisal of what your company's common stock is worth right now, used to legally set the price employees pay to exercise their stock options.
Quick Answer
How often do I need a new 409A valuation?
You need a new one at least every 12 months, or immediately after any material event — a priced funding round, a major pivot, or a significant change in revenue.
- A new round always resets the 12-month clock
- Waiting past 12 months makes every new grant non-compliant
- A stale 409A puts the tax risk on the employee, not just the company
The Lovie Advantage
Lovie flags exactly when your 409A is about to expire and ties the current valuation directly to every new grant automatically.
See how this connects to Cap Table. For the formal definition, see IRS Tax Topic 427 on the treatment of stock options.
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