Shares originating from an employee share plan are generally transferable as long as the following conditions are met:
- The shares have been registered for sale and are not subject to any transfer or sale restrictions;
- The shares are held in an electronic form in an account titled in the same name as that of the IBKR account holder;
- The shares trade on an electronic venue offered by IBKR;
- The shares clear and settle at the designated clearinghouse in a standard, automated manner.
- The account holder meets the definition of an Eligible Client if the shares are classified as a U.S. Microcap (see KB2892).
The method of transfer to be used is dependent on the format of shares held (i.e. Book Entry/DRS, Electronic Certificates, etc). If you are unsure of the method of transfer your shares are eligible for, please consult with the delivering firm to confirm.
Additional Information