Fractional Shares Addendum (Omnibus)

Fractional Shares Addendum

In consideration of Webull Financial LLC (“Webull Financial”) allowing me to purchase and sell fractional interests of certain securities (“fractional shares”), I represent and agree with respect to any Account, whether margin or cash, to the terms in this addendum (“Addendum”) to the Customer Account Agreement (“Agreement”) set forth below. Unless noted otherwise, terms have the same meaning here as in the Agreement. In the case of conflict between the terms of the Agreement and the Addendum, the terms of the Addendum will control for purposes of the subject matter herein.

I acknowledge and understand that:

  1. Engaging in fractional share trading entails unique risks and limitations, including but not limited to those set forth herein. I agree that Webull shall not be held liable for risks such as those disclosed therein, including risks in connection with the execution, handling, purchasing, and selling of fractional shares for my account.
  2. All holdings of fractional shares are rounded to the fifth decimal place, the value of fractional shares to the nearest cent, and any dividends to the nearest cent. I understand that this may affect, among other things, my ability to be credited for dividends and stock splits.
  3. Webull Financial will not accept fractional share purchases with a value of less than $5.00. I will receive proceeds from the sale of any whole or fractional shares, less any regulatory trading fees, rounded to the nearest $0.01.
  4. For a variety of reasons, including those set forth herein, the actual amount of an executed order to buy or sell a dollar value of a security may also be higher or lower than the amount requested.
  5. Webull Financial will aggregate any proxy votes for fractional shares of Webull Financial customers. I understand that, while Webull Financial will report proxy votes, the issuer or issuer’s designated vote tabulator may not fully count such votes.
  6. For orders containing fractional shares (“Fractional Orders”), the fractional share component will be executed by Webull Financial’s clearing firm, Apex Clearing Corporation (“Apex”), at the price Apex receives in the market. Any whole share component of a Fractional Order will be executed in the market in accordance with best execution principles. The fractional share will then be allocated to my Account.
  7. Webull Financial only accepts market orders for fractional shares and does not permit limit orders for fractional shares. Fractional Orders may only be placed during market hours and are subject to all applicable market rules and conditions, including but not limited to restrictions, suspensions of trading, and delays.
  8. Webull Financial reserves the right to limit the stocks available for fractional share trading at any time.
  9. Any and all fractional shares within my Account (i) are unrecognized, unmarketable, and illiquid outside the Webull Financial platform; (ii) are not transferrable in-kind; and (iii) may only be liquidated and the proceeds withdrawn or transferred out.