ISSUER SERVICES · RESTRICTED SECURITIES

Legends On. Legends Off. Documented.

EST processes restricted-stock legend placement and removal with clean documentation and fast turnaround — the legend goes on correctly at issuance and comes off only when the law, the documents, and the opinion all agree. This is where a transfer agent earns its keep quietly.

Rule 144 Processing

The full checklist. Holding period verification, current public information status, affiliate analysis, and volume considerations reviewed against the transfer documents before anything moves.
Broker coordination. We work directly with the depositing broker so DWAC deposits of newly unrestricted shares settle without ping-pong.

Legend Removal and Opinions

Opinion coordination. We coordinate with issuer's counsel or the holder's counsel on the legal opinion, tell everyone exactly what the file still needs, and process the same day the file is complete.
Restriction management on the register. Restriction coding, stop orders, and release tracking maintained on the register itself, so the record and the reality never diverge.
Clean paper. Every removal supported by a complete documentation file: request, opinion, issuer instruction, and register entry, retrievable when the question comes years later.

Boutique Responsiveness. Institutional Backbone.

Let's find the right fit.

Tell us where you are in the lifecycle and we will map the mechanics, the calendar, and the cost. info@equitystock.com · 212.575.5757