Solution

Secondary share management for private companies

Secondary share management is the ongoing operation of shareholder liquidity: deciding when a window opens, who may sell, how much, at what basis, and how the transfer is approved and settled. Perseids makes that a repeatable, auditable process rather than a one-off legal project.

Who uses it

• Companies giving long-tenured employees a route to liquidity without an exit.
• Founders taking partial liquidity alongside a priced round.
• Companies managing inbound investor demand for existing shares in an orderly way.

Controls the company keeps

• Whether a window exists at all, and for how long.
• Which holder categories are eligible and what proportion they may sell.
• Who may buy, and on what information.
• Whether a specific transfer is approved.
• When the ledger is updated — settlement, not intent.

Execution partners

Where a transaction needs regulated or specialist execution, Perseids coordinates verified execution partners through a separate partner workspace. Partner actions never write directly to a company's ownership ledger.