Secondary Transactions – Transfer All Shares

Secondary transactions take place after primary issuance has been granted. One of the important secondary transactions is a share transfer.

Here is a step-by-step guide on how you can transfer all shares from one shareholder to another.

Step 1: Log into your Eqvista account and select your company account. 

On the dashboard, click on “Securities” on the left-hand side to get a drop-down menu. Then select “Equities”. 

Step 2: Once you select, you will be redirected to the following page. 

Note: On this page, click on “Create New Class” to create an equity class and if you have created one, you can issue shares and implement a vesting schedule. 

Then, click the equity class created, a panel will appear showing the details of those who have been issued shares from this class.

In this case, we will click “Series B” and select the grant “SB-006”.

Step 3:  You will be redirected to the grant details page below.

Once here, you can begin the process of transferring shares. Click on “Actions” and then from the mini drop-down menu, click on “Transfer Shares”.

Step 4: By doing this, a new window will appear. The first step is deciding whether it will be a Partial transfer or Transfer all shares.

In this case, we selected the option “Transfer all shares”. Type the shareholder’s name in the field, and it will appear for you to select on the right-hand side. When the name comes up, you need to click the button that says “Select”.

Note: You need to have a shareholder profile already created to transfer the shares to them. You can also partially transfer shares issued to you by clicking “Partial Transfer”. To learn how to partially transfer shares, check out the support article!

Step 5: With this, a new panel will appear.

Select the equity class of which this new grant would be a part. Then, the price per share, transfer date, and transfer grant name will be automatically filled.  

If the transfer date is not today and the price per share is not the same as the initial share grant, you can edit that as well. As you edit the details, the right-side panel gets updated.

Once you have filled in the details, click “Submit Transfer”.

Step 6: Then, you will be redirected to the new share details page.

Step 7: The record of the transferred grant can be seen by clicking “Cap Table” on the left-hand side to get a drop-down menu. Then, click on “Secondary Transactions” and you will see all the transactions – Exercises, Transfers, Note conversions, Repurchases, and Cancellations. 

On this page, click on “Transfers” to check if the grant is transferred.

For more information on Eqvista’s other features, check out our support articles or get in touch with us today!