If you participated in the preferred unit offering, converting your preferred to common stock requires a few simple steps. To convert your shares, please complete the attached form.  You will need to fill in your stock information which can be found on your DRS (direct registration statement) that can be obtained at my.equitystock.com or by contacting Shareholder Services at info@equitystock.com.  

 Once you have completed and signed the form, please email conversions@equitystock.com and they will be processed from there by the transfer agent and you will be issued an updated DRS statement showing Common stock.  Once converted you can have the Common stock transferred to your broker.  To do so, all you need to do is provide the updated DRS statement representing your Common stock to your broker and they will handle the delivery for you. 

 The transfer of your Common stock to your brokerage account is subject to $30 DRS fee, which must be prepaid before the transfer is requested. You can make the payment here  https://buy.stripe.com/4gw9DA4Vd52976w5kl  

 Please note that once you convert the Preferred shares to Common shares, you no longer receive the dividend.

Download Form

• Please visit my.equitystock.com and use the email address registered under your share purchase.  You will then receive a magic link to that email address.
• Please click on the magic link to receive a 6-digit code via text or phone call to help you securely log into the shareholder portal.

It can take up to five (5) days to transfer your shares to your broker once the shares are received by the transfer agent.  We’ve attached a sample DRS Transfer Request Form (PDF) for you to understand the information required by your broker in processing a DRS.  Please review the form to understand the general items required by a broker to fulfil a DRS transfer request.  Note the language in the first paragraph of the form.

Sample DRS Transfer Request Form (PDF)

Disclaimer: Equity Stock Transfer is not affiliated with TD Ameritrade in any way and is merely displaying the form for informational and educational purposes.

If you have your book-entry statement(s), which reflect unrestricted shares of free-trading common stock, the you should contact your broker to initiate a DRS transfer.  Most brokers will give you a form to complete which will require the following information so that it matches the information in our system.  Some of this information is also listed right on the book-entry statement itself:

• Holder Registration: [Your Name or Entity Name]
  • This is the owner of the shares and is the name as it appears on you book-entry statement.  If the name is not correct, your DRS transfer can be rejected.
• Holder SSN or EIN:
  • This is not on your book-entry statement for security purposes, but is required by us and your broker for the DRS transfer.  Incorrect SSN or EIN numbers will cause your DRS to be rejected.
• DTC Number: 7925
  • Think of this as our transfer agent identification number for DRS transfers.
• CUSIP Number: 609786108
  • This number is an identifier, and it identifies to the broker and us that the shares they are requesting are free-trading common stock
• Holder Account Number:  XXXX or XXXXX
  • This is a four or five-digit number for your shareholder account in our system.  Some brokers require the number to be five digits long.  In that case, please add the required leading zeros to comply with their application request.
• What is Equity Stock Transfer’s TAX ID number: 45-3679484
  • Some brokerage firms require that you input this in their DRS request form

Note that we are conducting transfer of your shares via DRS.  There are some brokers who do not support DRS (e.g., Robinhood) and you must use a broker that does.

No, you are not required to do so at any time.

• Please log into my.equitystock.com to generate your DRS (book-entry) statement.

Your shareholder statement is always free, and you can obtain it by sending an email to online@equitystock.com from your registered email address and write your Shareholder # in the subject line. Simply ask for your shareholder statement in the body of the email and it will be sent to you within 48 hours.

The online access fee is for credentials which includes the fee for depositing shares to your broker when the company goes public. You are not required to act at this time. However, when the company does begin trading, you may want to move your shares from us, the transfer agent, to your broker of choice to facilitate trading. There is usually an exorbitant fee associated with this which is charged by transfer agents and is called a “DRS Swing” through the Direct Registration System (“DRS”). Your Preferred shares are first converted to free trading Common shares and then “swung” to your broker through DTC (“Depository Trust Company”). Transfer agents can charge upwards of $150 per DRS. We worked with Monogram to be able to get best pricing on this fee to about $30, which is inclusive of your online access, shareholder statement and deposit to broker.

609786108

Equity Stock Transfer is not a licensed broker-dealer.  We are an SEC registered stock transfer agent.  The $30 fee you are paying includes the processing fee to move your shares from our accounts to your broker’s account when the company goes public.  You will then be able to buy or sell shares in the open market.

Our DRS DTC number is 7925.

If you are a holder of Series A or Series B, then your shares are restricted until the effectiveness of the company’s 8-A filing, which the company plans to submit on May 17^th. Immediately upon effectiveness of the 8-A on May 18^th, your shares will be converted to unrestricted, free-trading common stock.

Series C investors should note that their shares will remain restricted pursuant to Rule 501 of Regulation Crowdfunding.  See, https://www.ecfr.gov/current/title-17/chapter-II/part-227/subpart-E/section-227.501.  This is a condition of Reg CF rather than safe harbor, like Rule 144.  So, as soon as the 12-month period from the date of issuance has expired, there is no longer limitations on resale.

Please send an email to investors@monogramorthopedics.com should you have any questions related to your investment.

*Please bookmark this FAQ as we will continue to update it with more information as it becomes available.

Equity Stock Transfer