Effective as of March 10, 2021 (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 as of or following 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 a Stock Reward hereunder.
On or after the Effective Date, Stash may at any time in its sole discretion select a Party Time (as defined below) to offer a predetermined amount of one or more specific Stocks under this Program. For purposes of these Program Terms, each specific time that Stash determines to offer Stock(s) shall be deemed the "Party Time", and the specific date on which each Party Time falls on shall be deemed a "Party Day". Stash will use reasonable efforts to announce each Party Day and Party Time in advance.
On each Party Day, Stash will offer a predetermined amount of one or more specific Stocks at the Party Time to any person that completes either set of eligibility steps outlined below, as applicable to such person, during the time periods also specified below.
Eligibility Set #1: If you are a Stash Invest Account Holder as of the Party Time on a specific Party Day, then you must complete each of the following steps on that given Party 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 during the time period starting at the Party Time and ending sixty (60) minutes thereafter on that given Party Day (for example, if the Party Time is 9:00 PM (ET) on the Party Date, then you must complete this Step 3 between 9:00 PM (ET) and 10:00 PM (ET) on the Party Date).
Eligibility Set #2: If you are not a Stash Invest Account Holder as of the Party Time on a specific Party Day, then you must complete each of the following steps on that given Party 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 prior to the exact time that is sixty (60) minutes following the Party Time on that Party Date (for example, if the Party Time is 9:00 PM (ET) on the Party Date, then you must complete this Step C prior to 10:00 PM (ET) on the Party Date);
Step D: you must then subsequently complete the registration process of opening a Stash Invest Account prior to the exact time that is two hours following the Party Time on that Party Date (for example, if the Party Time is 9:00 PM (ET) on the Party Date, then you must complete this Step D prior to 11:00 PM (ET) on the Party Date); 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 or go back and visit the unique link under Step A above and select the "Claim Stock" icon that will appear on the unique link prior to the exact time that is two hours following the Party Time on that Party Date (for example, if the Party Time is 9:00 PM (ET) on the Party Date, then you must complete this Step D prior to 11:00 PM (ET) on the Party Date).
For the avoidance of doubt, you will not receive a Stock Reward hereunder on a Party Day if you: (i) on that specific Party Day, select the "No Stock for me" icon that appears on the unique link 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 that specific Party Day, otherwise fail to complete the detailed steps applicable to you in the order outlined above in a timely fashion. Further and for the avoidance of doubt, if you fall under Eligibility Set #2 above you may complete Steps A, B and C prior to the applicable Party Time by following the interactive instructions available at https://party.stash.com/; provided, however, that you must then subsequently complete Steps D and E strictly in accordance with the time periods specified above.
Only Stash Invest Account Holders that complete either set of applicable eligibility steps outlined above in a timely fashion on each Party Day (each such Stash Invest Account Holder shall be referred to hereunder as an "Eligible Reward Recipient" for that specific Party Day) will be eligible to receive a Stock reward in an amount equal to the amount of total Stock that Stash is offering on that specific Party Day, as calculated below, divided by the number of Eligible Rewards Recipients on that specific Party Day (each such Stock reward shall be deemed a "Stock Reward"). The number of Eligible Reward Recipients will reset following each Party Day to zero (0), and will not carry over from one Party Day to the next.
Calculating The Amount of Stock That Stash Will Offer On Each Party Day
The total amount of Stock that Stash will offer on each specific Party Day will be calculated by Stash based on the following table:
|Number of Eligible Rewards Participants On The Specific Party Day||Total Amount of Stock Stash Will Offer On The Specific Party Day|
Once Stash determines the total amount of Stock that it will give away on a particular Party Date based on the table above, Stash will take that total amount and divide it by the amount of Stock(s) that Stash is giving away on that particular Party Date (each divided amount shall be referred to hereunder as an "Offering Amount"). For example, if on a Party Date Stash is offering Stock of Company A and there are 75,000 Eligible Rewards Recipients on that given Party Day, then Stash will offer Stock Rewards in the aggregate amount of $19,600 of Company A Stock to all Eligible Rewards Recipients on that specific Party Date (for a Stock Reward in Company A Stock of $0.26). As another example, if on a Party Date Stash is offering Stock of Company W, Company X, Company Y and Company Z and there are 78,000 Eligible Reward Recipients on that particular Party Date, then the total amount of Stock that Stash will offer on the Party Date will be $19,600, and the Offering Amount for each of Company W, Company X, Company Y and Company Z will be $4,900. Stash will then take each Offering Amount, divide that by the number of Eligible Reward Recipients on that particular Party Date, and offer a Stock Reward to each Eligible Reward Recipient in an amount equal to that divided amount of each Offering Amount. To use the example provided above, Stash would take the Offering Amount of $4,900 for each of Company W, Company X, Company Y and Company Z, divide that by the $78,000 Eligible Reward Recipients for that Party Date, and offer a Stock Reward of $0.06 of each of Company W Stock, Company X Stock, Company Y Stock and Company Z Stock to each Eligible Reward Recipient on the Party Date (for a total Stock Reward of $0.24)
The amount of each Stock Reward offered through the Program shall be limited to a daily maximum cash value of $5.00 per Eligible Rewards Recipient on each Party Day, which shall be calculated by Stash in its sole discretion. In no event will you be eligible to receive a Stock Reward hereunder in excess of the limit described in the preceding sentence. Further, each Eligible Reward Recipient is only eligible to claim one (1) Stock Reward on each Party Day under this Program. The specific Stock(s) that Stash may offer on each Party Day will be determined by Stash in its sole discretion. Eligible Rewards Participants will be notified on or about two hours following the Party Time of the amount of their specific Stock Reward for that given Party 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 mobile 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. 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.
This Program is for informational purposes only, and you should not construe any such information or other materials as legal, tax, investment, financial, or other advice. All content associated with this Program is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this Program constitutes investment advice, nor does any information in this Program constitute a comprehensive and complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information displayed through this Program before making any decisions based on such information. In exchange for participating in this Program, you agree not to hold Stash, or any third party service provider liable for any possible claim for damages arising from any decision you make based on information made available to you through this Program. Participating in this Program is not an endorsement by you, and you should not construe participation by any other user in this Program to be an endorsement by any such user, of Stash's investment advisory products or services, or of your or such user's experiences as a Stash customer.
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 the Party 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.