Here is a step by step guide on how you can transfer shares from one shareholder to another. Step 1: Log into your Eqvista account and select your company profile. Once you do this, you will reach the dashboard where you will need to click on “Securities” and then on “Equities”. The moment you do … Continued
Secondary Transactions – Transfers
Here is a step by step guide on how you can transfer shares from one shareholder to another.
Step 1: Log into your Eqvista account and select your company profile. Once you do this, you will reach the dashboard where you will need to click on “Securities” and then on “Equities”. The moment you do this, you will be directed to the page as shown below.
Here you will be able to see all the equity classes. Select the equity class from which you want to transfer the shares to someone else.
Note: If your shareholder, who was offered shares from the “Class A” equity class and wants to sell or transfer a few or all of their shares to someone, you will need to select the “Class A” for reaching the grant details.
In this case, we selected “Class A”.
Step 2: When you do this, a new panel will appear below showing you the details of those who have been granted shares from this equity class.
Here, select the share certificate name beside the shareholder’s name who wants to transfer their shares to someone else. In this case, we selected “CS-121”.
There is another way by which you can reach the grant details. Go to “Shareholders” in the left side menu when you log in to reach the page where you can see all the shareholders in the company. From here, click on the shareholder name – who would like to have their shares transferred. In this case, it would be Matt Daehler. When you do this, you will reach the following page where you can see all the grants that Matt Daehler has.
As you can see above, there are many grants that were offered to Matt Daehler. But the one that is being transferred is the one from Class A. So, click on “CS-121” to reach the respective grant page.
Step 3: Through both the ways above, you will be redirected to the page showing that Matt Daehler was issued 42,105 shares under Class A with the certificate number CS-121, as below:
Once here, you can begin the process to transfer shares. Click on “Actions” and then from the mini drop-down menu, click on “Transfer shares”.
Step 4: By doing this, a new panel will appear on the page asking you to add in some details.
Here, you will first have to select the kind of transfer you are making. There are two options; one is a partial transfer and the other is a full transfer. In this case, we selected the option “partial transfer”.
To explain a bit – a partial transfer is when you want to transfer just a few shares from this grant to another shareholder. While the full transfer is when all the shares are being transferred.
After you have selected the transfer type, you need to type in the name of the shareholder in the field below it that says “Select Shareholder”.
Note: You can only move ahead to transfer the shares to another shareholder here if you have created their profile on the cap table. So, ensure that the person you are about to transfer the shares to has their profile already created here. To know how to create a shareholder profile, click here!
Type in the shareholder name in the field, and it will appear on the right-hand side for you to select. When the name comes up, you will see a button beside it that says “Select”. Click on that.
Step 5: With this, a new panel will appear.
Select the equity class of which this new grant would be a part of. After that, add the number of shares being transferred and the price of the shares.
Since we selected “partial transfer”, we will have to edit the number of shares being transferred here. If we had not selected it, that field would have been uneditable.
If the transfer date is not the date for today, then edit that as well.
As you edit the details, you will see the right-side panel updating as well. Once you have filled in all the details, click on “Submit Transfer”.
Step 6: This will take you back to the page where you can see the updated share number that Matt Daehler has, which is after he just got some of his shares transferred.
Step 7: If you want to see the new share details for Henry Cook, go back to the “Equities” page by clicking on “Securities” and then on “Equities”. Once you get here, click on the “Class A” equity class since the shares were given out from that class. And you will get the list of shareholders who have shares in the class as shown below:
To see more details on the share transfer and the grant, click on the share name here. In this case, it is – “Trans from CS-121”.
Step 8: When you do this, you will reach the page where you can now see the details of this transfer.
You can see the new share certificate name here and to whom it is issued. But to see what effect it has on the secondary transactions, you will have to go to the secondary transaction list. The next step will help you with viewing this.
Note: Transaction price won’t show on the certificate but the original price.
Step 9: For this, click on “Cap Table” and then on “Secondary transactions” from the drop-down menu to reach the following page:
From here, click on the “Transfers” tab. You will then be able to see the details of the transfer of shares just conducted, as highlighted above.
And just like this, you can easily transfer shares on Eqvista. To know more about how to use Eqvista, check out the support articles here!
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