A capitalization table (or cap table) is a record that shows a company’s ownership structure—who owns what percentage of the company—and how that ownership is split across different securities.
It typically lists:
shareholders (founders, employees, investors)
types of equity (common stock, preferred stock)
options/warrants and the option pool
convertible instruments (e.g., SAFEs/convertible notes), sometimes on an “as-converted” basis
