You can easily repurchase the shares back from a shareholder on the Eqvista app. Here is a step by step method on how to repurchase the shares in your company.
Step 1: Log into your Eqvista account and select your company profile. On the dashboard, click on the option that says “Shareholders” on the left side menu and you will reach the following page.
From here, we will click on “Matt Daehler”.
Step 2: After this, you will reach the following page where you will be able to see all the shares that have been offered to Matt. On this page, select the share certificate that you will like to repurchase back from the shareholder, as below.
In this case, we selected the grant “CS-1111”.
Step 3: Once done, you can see all the details of this grant offering. Click on the button “Actions” on the right-hand side of the page, and select “Repurchase”. This will begin the process of the company repurchasing the shares back from the shareholder.
Step 4: A pop-up window will appear where you will have to select if the repurchase is a full or a partial one. In addition to this, add the price per share at the time of the repurchase. In this case, the amount is the same as the initial share grant. Once you have added all the details, click on “Submit”.
Step 5: The shares would then be repurchased back by the company and you will be directed back to the security class page with the remaining share grants.
From here you can see that the share certificate was removed and there is a message stating the shares have been repurchased. To see how this affects the secondary transactions part of the company, follow the next step.
Step 6: To see the secondary transactions list, click on “Cap Table” from the left-hand side and then on “Secondary transactions” from the drop-down box that appears. You will reach the following page. From here, click on the tab “Repurchases” as below.
You will see the details of recent repurchase along with all other repurchases made by the company. And just like this, you can easily repurchase shares back from a shareholder using Eqvista.
To know more about how to use the Eqvista app, check out our other support articles here!