Effective as of July 1, 2020 (the “Effective Date”) for all Stash Invest Account Holders (as defined below)
The Stash Stock Party Rewards Program (the “Program”) is a rewards program offered by Stash Investments LLC (“Stash”), whereby Stash Invest Account Holders (as defined below) may earn fractional shares of stock of certain publicly-traded companies and/or exchange-traded funds (“Stock”), as specified below. This Program is subject to these Stash Stock Party Program Terms and Conditions (the “Program Terms”). By choosing to participate in this Program, you are accepting and agreeing to these Program Terms. These Program Terms form an agreement between you and Stash with respect to the Program. You should read these Program Terms carefully.
To be eligible to participate in this Program and receive a Stock Reward (as defined below) hereunder, you must be a Stash Invest Account Holder. For purposes of this Program, a “Stash Invest Account” is an individual taxable brokerage account advised by Stash that is in good standing. Each person who has completed the process of opening a Stash Invest Account before, on or after the Effective Date will be deemed a “Stash Invest Account Holder” under these Program Terms.
Stash reserves the right to determine in its sole discretion whether an account is closed and/or in good standing. An account in good standing for purposes of this Program is an account for which all required account opening documentation has been completed and verified, and is not locked, or restricted, or otherwise flagged in any way. If your Stash Invest Account is closed or not in good standing for any reason at any time, you will no longer be deemed a Stash Invest Account Holder and you will not be eligible to receive any Stock Rewards hereunder.
On each Thursday following the Effective Date, Stash may in its sole discretion offer a predetermined amount of one specific Stock at 4:00 PM (ET). Each such Thursday that Stash offers a specific Stock under this Program shall be deemed a “Rewards Day” for purposes of these Program Terms. On each Rewards Day, Stash will offer a predetermined amount of one specific Stock to any person that completes either set of eligibility steps, as applicable to such person, during the time periods specified below.
Eligibility Set #1: If you are a Stash Invest Account Holders as of 4:00 PM (ET) on a specific Rewards Day, then you must complete each of the following steps on that given Rewards Day:
Step 1: you must visit the following unique link: https://party.stash.com/
Step 2: you must select the “Log In” icon that appears on the unique link and enter your login credentials (e.g. email and password) attributable to your Stash Invest Account; AND
Step 3: you must select the “Claim Stock” icon that will appear on the unique link attributable to such Stock Reward between 4:00 PM (ET) and 4:30 PM (ET) on that given Rewards Day.
Eligibility Set #2: If you are not a Stash Invest Account Holder as of 4:00 PM (ET) on a specific Rewards Day, then you must complete each of the following steps on that given Rewards Day:
Step A: you must visit the following unique link: https://party.stash.com/
Step B: you must select the “Sign Up For Stash” icon that appears on the unique link and enter a valid email address;
Step C: you must select the “Reserve Stock” icon that will appear on the unique link attributable to such Stock Reward between 4:31 PM (ET) on the most recent Rewards Day prior to that given Rewards Day and 4:30 PM (ET) on that given Rewards Day;
Step D: you must then subsequently complete the registration process of opening a Stash Invest Account prior to 5:30 PM (ET) on that given Rewards Day; AND
Step E: after you complete Step D, you will then receive an email from Stash to “Claim Your Stock” and you must select the “Claim Stock” icon that will appear in the email prior to 5:30 PM (ET) on that given Rewards Day.
For the avoidance of doubt, you will not receive a Stock Reward hereunder on any given Rewards Day if you: (i) on such Rewards Day, select the “No Stock for me” icon that appears on the unique link attributable to such Stock Reward under either Step 3 or Step C above, as applicable to you, and you do not subsequently complete the detailed steps applicable to you in the order outlined above in a timely fashion, or (ii) on such Rewards Day, otherwise fail to complete the detailed steps applicable to you in the specific order outlined above in a timely fashion. Further and to illustrate Step C above, if Stash rewards Stock on Thursday July 2, 2020, and doesn’t reward Stock until the following Thursday July 9, 2020, then Thursday July 2, 2020 is the most recent Rewards Day prior to July 9, 2020. Accordingly, in order to be eligible to receive Stock on July 9, 2020, non-Stash Invest Account Holders must select the “Reserve Stock” icon and complete Step C above between 4:31 PM ET on July 2, 2020 and 4:30 PM (ET) on July 9, 2020.
Only Stash Invest Account Holders that complete either set of applicable steps outlined above in a timely fashion on any given Rewards Day (each, an “Eligible Reward Recipient”) will be eligible to receive a Stock reward in an amount equal to the amount of total Stock that Stash is offering on that particular Rewards Day divided by the number of Eligible Reward Recipients for that particular Rewards Day (each such Stock reward, a “Stock Reward”). The number of Eligible Reward Recipients will reset following each Rewards Day to zero (0), and will not carry over from one Rewards Day to the next.
The term “Users Present” for each particular Rewards Day shall be equal to the sum of (i) the total number of Stash Invest Account Holders as of 4:00 PM (ET) on that given Rewards Day that complete Step 3 under Eligibility Set #1 above between 4:00 PM (ET) and 4:30 PM (ET), PLUS (ii) the total number of non-Stash Invest Account Holders as of 4:00 PM (ET) on that given Rewards Day that complete Step C above between 4:31 PM (ET) on the most recent Rewards Day prior to that given Rewards Day and 4:30 PM (ET) on that given Rewards Day.
The total amount of Stock that Stash will offer on each particular Rewards Day will be calculated by Stash based on the following table:
|Number of Users Present on any given Rewards Day||Total Amount of Stock That Stash Will Offer On That Particular Rewards Day|
For example, if on a particular Rewards Day Stash is offering Stock of Company Y and there are 5,000 Users Present as of 4:30 PM (ET) on that given Rewards Day, then Stash will offer a Stock Reward in the amount of $1,503 of Company Y Stock to all Eligible Rewards Recipients on that given Rewards Day.
The amount of every Stock Reward offered through the Program shall be limited to (i) a daily maximum cash value of $5.00 per Eligible Rewards Recipient on each Rewards Day, and (ii) an annual maximum cash value of $25.00, in the aggregate, for each specific Stock per Stash Invest Account Holder during each calendar year, both of which shall be calculated by Stash in its sole discretion. In no event will you be eligible to receive Stock Rewards hereunder in excess of either limit described in the preceding sentence. Further, each Eligible Reward Recipient is only eligible to claim one (1) Stock Reward on each Rewards Day under the Program. The specific Stock that Stash may offer on each Rewards Day will be determined by Stash in its sole discretion. Eligible Rewards Participants will be notified on or about 5:30 PM (ET) on each Rewards Day of their specific Stock Reward for that given Rewards Day.
By accepting an offer to earn a Stock Reward, you are making a decision to invest in that specific underlying Stock and you agree that it is your responsibility to review and carefully consider the Stock, including the information available to you through the Stash applications and website (collectively, the “Stash Platform”) about such Stock, before choosing to accept a Stock Reward hereunder. Neither this Program itself, nor the Stock available to be earned through it, is a recommendation to buy any such specific Stock. The value of any Stock Reward you receive may fluctuate over time due to a variety of factors. Please refer to the Stash Platform (www.stash.com/investments/stocks/) for a list of all investments that are available for purchase at any time. Stash reserves the right to change the list of investments available on the Stash Platform at any time and from time to time in its sole discretion.
By accepting a Stock Reward hereunder, you are agreeing to initiate a “buy” order for such Stock in the amount of your Stock Reward. To deliver a Stock Reward to your Stash Invest Account, Stash will deposit the monetary amount of your Stock Reward into your Stash Invest Account and automatically initiate a “buy” order for such Stock in the amount of the Stock Reward. By accepting an offer to earn a Stock Reward, you are authorizing Stash to direct, and Stash Capital LLC to execute, orders to buy the specific Stock offered to you. Any Stock Reward may take up to four (4) business days to be reflected in your Stash Invest Account. For the avoidance of doubt, you have the ability to decline the offer to earn any Stock Reward, and the ability to sell any Stock Reward earned under this Program, after you receive it in your Stash Invest Account.
Investing Involves Risk. Information shown is strictly for illustrative and educational purposes only and should not be considered a solicitation to buy, an offer to sell, or a recommendation for any security in any jurisdiction where such an offer, solicitation or recommendation would be unlawful or unauthorized. Any preliminary information provided to prospective clients prior to Stash accepting a signed advisory agreement does not constitute investment advice and should not be relied on as such. Investment products, Stock Rewards, and services are offered by Stash, not Green Dot Bank, and are Not FDIC Insured, Not Bank Guaranteed and May Lose Value.
If, for any reason, the internet portion of this Program is not capable of running as planned, whether due to infection by computer virus, bugs, tampering, unauthorized intervention, fraud, technical failures, or any other causes beyond the control of Stash which corrupts or affects the administration, security, fairness, integrity, or proper conduct of this Program, Stash reserves the right in its sole discretion, to disqualify any individual who tampers with the entry process, and to cancel, terminate, modify or suspend the Program. In the event of termination, Stash may in its sole discretion award Stock to those who have satisfied the eligibility criteria set forth herein on that given Rewards Day up until the time of termination. Stash assumes no responsibility for any error, omission, interruption, deletion, defect, delay in operation or transmission, communications line failure, theft or destruction or unauthorized access to, or alteration of, entries. Stash is not responsible for any problems or technical malfunction of any telephone network or lines, computer online systems, servers, or providers, computer equipment, software, failure of any e-mail or entry to be received by Stash on account of technical problems, human error or traffic congestion on the Internet or at any web site, or any combination thereof, including any injury or damage to entrant’s or any other person’s computer related to or resulting from participation or downloading any materials in this Program.