Use the workflows described below to record the conversion of a security.
It's important to execute the relevant conversion agreements before recording them in your cap table. Recording the conversion in the cap table by itself does not effectuate the legal conversion transaction.
Once you've legally executed a SAFE conversion, you can record the conversion and upload the conversion agreements in your cap table:
Navigate to Securities > Shares.
Add a share security for the conversion shares:
Complete the share creation workflow:
Navigate to Securities -> Convertibles and open the SAFE you'd like to convert
Select the relevant share security from the "Converted to" field and add the conversion date.
If you need to record the conversion of a security that isn't a SAFE, please contact firstname.lastname@example.org for assistance.
Transactions (option exercises, share repurchases, share transfers, and conversions) appear in the Transactions tab:
You may also download various reports that contain conversion-related information from the Reports tab: