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How to sell your shares on Ledgy?

Learn how to sell your shares through Ledgy - a straightforward way to sell your shares.

Written by Support Team

Introduction

When you're ready to sell shares in your company, Ledgy provides a direct way to create market orders.

A market order is an instruction to sell your shares immediately at the best available price. This guide explains how to navigate the selling process through Ledgy's platform.

Prerequisites

Before you can sell your shares:

  • Your company must be public with trading enabled.

  • You must have shares available to sell.

  • No blackout periods are in place for your company.

  • You have accepted the terms and conditions when you were first invited to Ledgy.

  • You have entered your tax information in Settings > Personal details

How to Sell Your Shares

Step 1: Access the Sell Feature

  1. Log into your Ledgy account

  2. Navigate to your dashboard

  3. Find your available shares

  4. Click on "Sell Shares" to begin the process

Alternatively, you can also access this information by selecting Sell shares from the left navigation menu:

Step 2: Specify Your Sale Details

  1. Choose how many shares you want to sell:

    • Sell all shares

    • Specify a specific quantity

  2. Review the current share price and estimated proceeds

  3. Understand the fees that will be applied:

    • Trading fees

    • Currency conversion fees (if applicable)

    • Bank transfer fees

Choose between a market order and a limit order

When you sell shares, you can create either:

  • Market order — Your shares are submitted for sale at the best available market price. The final price may differ from the estimate shown when you submit the order.

  • Limit order — You set the minimum price per share that you are willing to accept. Your order will only execute at that price or higher.

How to place a limit order

  1. Go to Sell shares from the left navigation menu.

  2. Enter the number of shares you want to sell.

  3. Enter your minimum price in Limit price per share (optional).

  4. If you want the order to expire on a specific date, select Order expiry (optional).

  5. Review the sale summary, read the order disclaimer and select Submit order.

If you do not enter a limit price, Ledgy creates a market order instead.

If you do not select an expiry date, your limit order remains open until it is executed or cancelled, for a maximum of 90 days. If you select an expiry date, it must be an available trading day within the next 90 days.

Important: Setting a limit price does not guarantee that your shares will be sold. If the market does not reach your chosen price before the order expires or is cancelled, the order will not execute.

Limit orders are fill-or-kill. This means your full order is either executed or not executed; it will not be partially filled.

The estimated proceeds and fees shown while you create a limit order are based on your limit price. These figures are indicative, exclude taxes and update after the sale executes.

Monitor or cancel an open limit order

After you submit a limit order, you can check its status and details on the selling card on your dashboard.

While the order remains eligible for cancellation, select Cancel order and confirm your request. Cancellation is not guaranteed: the broker may already be executing the order, or the order may execute before cancellation is confirmed. Check the order status to confirm the outcome.

If a restriction period begins while a market or limit order is open, Ledgy automatically requests cancellation for eligible affected orders. You cannot submit a new sell order during an active restriction period.

Step 3: Add Your Bank Details

  • Provide your bank account information where you want to receive the proceeds.

  • Ensure your bank details are accurate to avoid payment delays.

  • Note that your bank currency and transfer type determine your payment fees (currency conversion and bank transfer fees).

Step 4: Review and Confirm

  1. Review all sale details:

    • Number of shares to sell

    • Estimated proceeds

    • Total fees

    • Net amount you'll receive

  2. Read and accept the market order disclaimer.

  3. Submit your sell order.

Important Information About Market Orders

  • Market orders are processed during trading hours.

  • Orders are typically filled quickly, but timing can vary based on market conditions and liquidity.

  • You'll receive confirmation on your selling card in your dashboard once your order is fulfilled.

  • The final sale price may differ from the estimated price shown when placing your order.

FAQs

I sold my shares X days ago and still have not received the funds how do I get an update?

Where you can see the status:

  • Dashboard → Selling card: After placing a sell order, the stakeholder sees a selling card on their main dashboard. This card updates with confirmation once the order is fulfilled.

  • Dashboard → Requests section: If the sale was part of an exercise or RSU settlement (e.g. "Sell all" or "Sell to cover"), you can find the request status under the Requests section of their dashboard. You can click the info icon to see full transaction details.

Need Help?

If you encounter any issues during the selling process:

  • Check your order status in the dashboard

  • Contact your equity administrator

  • Reach out to Ledgy Support for assistance via [email protected]

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