Fidelity Private Shares review
A web-based equity platform with a free core tier and broad HRIS integration support.
Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026
Fidelity Private Shares is a web-based equity management platform for Delaware corporations and private companies. It is designed for founders, employees, investors, lawyers, and auditors who need shared, permissioned records across the equity lifecycle. The platform covers cap tables and stock ledgers, equity grants, exercises, advanced vesting schedules, employee self-service, document management, board approvals, fundraising workflows, and reporting. Supported award types include founder’s stock, common stock, preferred stock, stock options, SAFEs, convertible notes, and warrants.
Pricing is structured across four plans. The free Launch tier includes cap table management, equity plan generation, a data room, board consents, scenario modeling, and standard reporting. Startup adds premier support, investor updates, and Form 3921. Growth adds 409A valuation workflows, priority onboarding, ASC 718, and HRIS and payroll integration. Scale provides tailored solutions as the company scales. This progression makes the product suitable for companies that want to begin with core administration and add investor, accounting, valuation, and workforce-system capabilities over time. The published plans do not state prices for Startup, Growth, or Scale.
Platform fit is a notable strength for HR-connected teams. Integrations include Gusto, ADP Run, ADP Workforce Now, BambooHR, Bob (HiBob), Humaans, Namely, Oyster HR, Sage HR, Sapling, Workday, Justworks, Paychex Flex, Paycom, and Paycor. The product also brings together permissioned data-room access, electronic signatures, employee grant documentation, fundraising and scenario modeling, and reporting for Form 3921, ASC 718, 83(b), and Rule 701. Companies seeking a free starting point with a defined path into HRIS-linked administration should consider it. Teams needing more than 25 recipients, or seeking published paid-tier pricing, should compare alternatives.
Fidelity Private Shares pros and cons
- Where it wins
- Free Launch tier covers cap tables, grants, data rooms, and scenarios
- Supports 15 HRIS and payroll integrations, including Workday and Gusto
- Combines employee portals, valuations, approvals, and compliance reporting
- Where it doesn't
- Paid-tier pricing is not published
- 409A valuations are conducted by a third party
- Recipient limit is 25
Fidelity Private Shares fact sheet, pricing and score →
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