What is the best way to enter stock warrants in my investment account.

shtevie

I am a stockholder in Skydance Corp. (SKYD) and as a result of the new merger with WB, I have received shares (1 for every exsting share I currently own ) in a stock warrant named SKYD.WS to purchase more shares of SKYD at a fixed rate of $12/share and this option is good till 2036. SKYD currently sells at $7.75/share and SKYD.WS is selling at $3.75/share. What would be the best way to enter this in my Quicken investment register. My brokerage is Fidelity and I no longer download data from them via OSU. I enter all transactions manually. Should I create a new name and ticker in the Security List and then enter it as a Spin-off?

Sceptic

@shtevie I would not immediately think of this as a traditional spin-off since SKYD.WS is a warrant rather than shares of a separate company. My first step would be to create a new security for SKYD.WS in the Security List and then enter the warrant shares based on the transaction details shown in your Fidelity account. The key issue will be cost basis. I would check Fidelity's cost basis information to see whether part of your SKYD basis was allocated to the warrants. If so, I'd mirror that allocation in Quicken so that your holdings and future gain/loss reporting match the brokerage records.