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Come chat with us on IRC! Investing Previous company went IPO, I have a paper stock certificate, how do I best transfer to digital? I worked for a startup for a couple years and when I left, i had the option to buy my promised shares at a very good strike price, so I did.

They later sent me a paper certificate of the stocks.

Stock certificates aren't free - fuwababe.web.fc2.com

The company went public recently and I'm wondering what the best approach is to transfer from paper to a brokerage I already have an eTrade account, but i'm not married to a particular brokerage. I have several months before I can sell, but I'd like to have the stocks tracked where I can sell quickly if I ever choose to. Also, I'd just feel more secure having them associated with an online account than sitting in paper form in a drawer.

You need to find out who the transfer agent for the shares is and then have them digitally record your ownership of the shares.

In all the IPOs I've ever done, we've registered all the shares with the transfer agent. He probably still has the stock cert because no one thought it'd be worth it to track them down from former employees. I have generally found that by far the easiest way to deposit actual shares is to open an account at Charles Schwab and to walk into a branch and deposit them.

Most other methods have cost or a lot of paperwork including special types of notary to do. Whenever I get stock certs, I swing by Scwab and ten minutes later they are in my account. If you would rather add them to an account you already have at a brokerage house, you can endorse the certificates over to the company usually through a company form and they will be converted to book shares and added to your account.

Based on my experience, no. But that is just at my company, and we are one of the more conservative firms. An eTrade or someone with more of a brokerage focus may be able to.

It's worth a call. During the IPO of the company I worked for, a reverse split was done, so I had to send in my stock certificates to a transfer agent, who then sent me a new certificate. I should have done this after the lock up period which was 6 months , but stupid me did this directly after the IPO.

Consequence was that I had a stamp on the back - which just said that I couldn't sell the shares till this and this date.

I thought nothing of it. I then sent the stock certificate to E-trade. Everything appeared as sellable, but when I actually confirmed the sell order, the sell order was cancelled.

Scotia iTrade (formerly E*Trade Canada): A Canadian Discount Broker Review | Canadian Capitalist

When I called asking why, they said that my stock had a restriction note on it. Another thing - when sending the stuff in the mail - always insure the papers and do it via courier. I use a company called iWeb, a low comission broker. I have my physical certificates, and all I needed to do was send them the certs with two forms filled in Transfer A and cresttransfer I believe, don't know if they're universal names , and they will add them to my account.

Note that if your company issued the shares for you, they likely put them into a intermediary company called a stock transfer agent in the U. S, which should hold your shares for you. I can't imagine the only form would be physical in this day and age.

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But I'm still living paycheck to paycheck? How do I stop myself from spending money on useless shit? How do people just endlessly work when it seems like it's all for nothing? This is an archived post.

You won't be able to vote or comment. Try to find out if your shares are with a stock transfer agent, or whatever they're called: You may also be interested in: Posts are automatically archived after 6 months.