How do I transfer shares?
Go to Ownership > Transactions
At the top, click on the button Add transactions > Stock > Share Transfer
A window will open, and you can define the details of the share issuance transaction.
The necessary fields:
From Stakeholder: Select the name of the stakeholder or legal entity from whom the shares are transferred from the drop-down menu. You can also create a new stakeholder by typing the name.
To Stakeholder: Select the name of the stakeholder or legal entity that receives the shares from the drop-down menu. You can also create a new stakeholder by typing the name.
Date: The date when you transfer the shares.
Number of shares: Enter the amount of shares that you want to transfer.
Share class: Select an existing share class from the drop-down menu or create a new one by typing in a new share class name.
Transfer price: Enter the price for the share transfer here.
Currency: The currency used for the share transfer. You must define the exchange rate if the currency differs from the account's base currency.
Exchange rate (optional): Enter the exchange rate from your account's base currency.
The optional fields
Share certificates: Enter the certificate IDs from the stakeholder who transfers the shares and from the stakeholder who receives the shares, so you can integrate the IDs into your share certificate when you use the document certificate workflow.
Document templating and signature workflow: Activate the respective toggles if you want to create a transaction document(s) from templates and prepare signature requests for the same transaction documents. To learn more about how to use workflow automation, read our article.
Reverse vesting: Add a reverse vesting schedule. On the Type field, select Time (simple), Time (custom), or Performance, and fill out the relevant fields.
Stakeholder beneficiary: A beneficiary is an economic beneficiary behind a legal entity. If beneficiaries are set, you can view the cap table regarding legal or economic distribution. This can also be used in Ledgy to manage pooled investments. Enter the beneficiary name who transfers the shares and the beneficiary name which receives the shares.
Internal note: If you want to add any note related to the transaction
Press the Save button to create the share issuance transaction finally.
How can I transfer shares in bulk?
Go to Ownership > Transactions
At the top, click the Import button > Select the "Transfer" template.
This allows you to download an Excel template that you can populate, save, and drop into the data upload box below.
Start the import process by clicking on the Import now button.
How can I edit share transfer transactions?
Go to Ownership > Transactions
Search for the share issuance transaction, click the three dots, and then on Edit.
This allows you to make changes in the share issuance transaction.
Click on the Save button to confirm the adjustments.