Change of Ownership
Transferring Shares
Whether it’s a private sale, a gift, or part of an inheritance, this page is your go-to guide for transferring your shares to another party.
The Process
Step 1: Account Setup
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Before any transfers can be set up, the new owner needs to have a MyRacehorse account. This account needs to be verified, and have a physical address on file so we have all of the details we need to report any gains/losses to the IRS at the end of the year.
Step 2: Request Form
Use the form on this page to submit your transfer request. Please make sure this form is only filled out once, since duplicate requests can cause issues for our transfer team.
Step 3: Paperwork
Once we have the details of your transfer request, a member of our team will set up a disclosure form, along with the transfer paperwork via docusign. Once both parties have filled out their portions of these forms, each one will receive a copy of their paperwork.
Step 4: Payment
For gifts and private sale transfers, there is a $10 transfer fee for each series being transferred. That fee can be paid for here. To ensure that your transfer is handled promptly, please pay for this fee as soon as the paperwork has been signed.
In cases where shares are being transferred in exchange for money, this is the time in the process that we recommend funds exchange hands. It is up to the buyer and seller to handle this exchange of funds.
For transfers due to an inheritance, this fee is waived.
Please note: The SEC prohibits the use of general solicitation (i.e. marketing or advertising the shares for sale this includes but is not limited to social media and paid advertising).
Request a Transfer
Frequently Asked Questions
The ins and outs of transferring shares to a new owner.
How long does it take for the transfer to be completed?
Most shares can be transferred within 1-3 days of the paperwork being completed, but some situations may delay the transfer.
All shares (for both Reg A and Reg CF offerings), must complete the official disbursement process through our Broker-Dealer, North Capital, before they are eligible for transfer. This process ensures compliance with securities regulations and may take several weeks to complete.
Owners can complete the paperwork prior to their shares being disbursed, but the transfer will not be processed until the dusbursal process is complete.
Are there any restrictions on which shares I can transfer?
Shares sold via Regulation Crowdfunding offerings have a one-year lockup period before those shares can be transferred freely. The only exceptions to this one-year limit are when:
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- Transferring shares to a family member (defined as a child, stepchild, grandchild, parent, -stepparent, grandparent, spouse or spousal equivalent, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships).
- Transferring shares in connection with your death or divorce or other similar circumstances.
- Transferring shares to an accredited investor.
- Transferring shares to the company that issued the securities (MyRacehorse) solely at the discretion of the issuer.
How can I tell if a share is offered through Reg CF?
The easiest way to spot the difference is by looking at the offering page. The term “Reg CF” appears multiple times on the page for our Reg CF offerings.
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They also have an FAQ section, a funding progress bar, and a comment section built into the offering page. If those fields are present, it’s a Reg CF offering.