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Understanding the share classes page

Companies can create different share classes to differentiate the rights and privileges granted to shareholders.

Astrid Doumeizel avatar
Written by Astrid Doumeizel
Updated over 2 weeks ago

A share class defines the rights of a shareholder, such as voting power, dividend rights, liquidation preferences, or special terms.

The share classes page in Unlisted helps you manage all your company’s share classes in one place.

By default, a company has "common shares," since all shares must belong to a share class.


You can find it in the left-hand menu under “Share classes.”

This page is essential for keeping your company structure clear, transparent, and aligned with your legal documentation.

What you can do on the share classes page

On this page, you can:

  • See all your company’s share classes and their details

  • Review each class’s rights, preferences, and descriptions

  • Edit any share class directly from its card

Let’s explore each part:


View all share classes and their details

The page displays all existing share classes in your company, each presented as an individual share class card.

For each share class, you can see:

  • Title of the share class (e.g., Ordinary, Preferred A)

  • Description

  • Type of shares (e.g., Ordinary, Preferred, A, B, C, etc.)

  • Voting rights

  • Dividend rights

  • Preferences, such as conversion rights or specific terms

  • Liquidation preferences

This overview helps you understand the structure of your equity and how rights vary between different shareholder groups.


Edit a share class

To edit any share class, click the pen icon in the top right corner of the share class card.


This opens the edit panel, where you can update:

  • The name of the share class

  • Its description

  • Share type

  • Voting rights

  • Dividend structure

  • Rights and preferences

  • Liquidation preferences

After making your changes, don’t forget to save to apply the updates to your company’s settings.

Remember that changing an existing share class could be a company event; if so, use the "Share class conversion" transaction in the Transaction page to make the change. Typically, this is how you do it if you want to change the share class of existing/issued shares.


Conclusion

The share classes page in Unlisted gives you a full overview of all equity types within your company.
From voting power to liquidation rights, you can clearly define and manage each class, ensuring that your ownership structure is both transparent and up to date.

With easy editing tools, you can keep your company’s share classes aligned with bylaws, shareholders' agreements, legal agreements, investor terms, and internal policies.

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