Share Class Conversion
Convert shares from one class to another, commonly used when preferred shares convert to common shares during a funding round, exit, or company restructure.
Convert shares
Go to Cap Table and select the Shareholders tab.
Click Actions in the top right corner.
Select Convert from the dropdown.
Complete the conversion details:
Shareholder: Select the shareholder whose shares you're converting
Share type (from): The class being converted away from
Share type (to): The class being converted into
Date of conversion: When the conversion takes effect
Number of shares: How many shares to convert
Split factor: The conversion ratio (enter 1 for a 1:1 conversion)
Click Convert to complete the transaction.
What happens next
The converted shares appear in your cap table immediately. The shareholder's holding in the original class is reduced and their new class holding is created (or increased if they already hold shares in that class). The transaction is recorded in Cap Table → Transaction logs.
Conversion affects the share count only, price per share in the new class is not automatically calculated. Update the share class details separately if needed.