To transfer shares in your share registry on Orchestra, you will need to be logged in and have access as a company administrator to make any changes. From your dashboard, click the ‘Share Registry’ dropdown from the toolbar on the left of the page and select ‘Transfer’.
From the three available options, select “Create a Transfer”. You will need to select who the shares are transferred from (i.e the seller/transferor). When you select the correct shareholder, their current shareholdings and share classes will be displayed. You will not be able to transfer shares that the existing shareholder doesn’t already hold.
You will then need to select who the shares are transferred to (i.e the buyer/transferee).
- If you are transferring shares to an existing shareholder, you can select their name from the dropdown menu under ‘New shareholder (to)’.
- If you are transferring shares to a new shareholder, select “Create a new shareholder” from the dropdown and input the details of the new shareholder.
Once the shareholders have been inputted, select the type/class of shares being transferred. Any share classes that the shareholder does not hold, will not be able to be selected. Enter the number of shares being transferred. The available number of shares that can possibly be transferred is displayed below the box. Finally, enter the share price and the date of the transfer.
Once all details have been checked over, click ‘Continue’ to create the new transaction.