More terms
Simple Agreement for Future Equity (SAFE)
A contract promising future equity when a financing, sale, or other trigger occurs; until conversion, the holder generally has no present stock ownership.
What traders should verify
For Simple Agreement for Future Equity (SAFE), trace the instrument count, rights, price or conversion terms, vesting or maturity, measurement date, and later changes in filings.
Do not conflate
Do not treat Simple Agreement for Future Equity (SAFE) as proof that shares are issued, outstanding, freely tradable, converted, exercised, vested, or sold unless the evidence establishes that state.
Primary source
SEC definitionSource boundary: this glossary reflects SEC staff views and is not a Commission rule, regulation, or statement. Check the linked source for current wording and legal context.