Q&A: What Are My Legion M Shares Worth?
This Q&A is part of an ongoing AMA (“ask me anything”) with Legion M’s founders. If you’ve got a question you’d like to ask, please submit it here, and we’ll consider it for a future update! Note that this article was last updated in July of 2026.
This is a great question, and one we get a lot. If you are are a current investor, this shows how far we've come. And if you are considering investing for the first time, this gives you an idea where we've been.
WHAT’s THE ROI ON MY EXISTING LEGION M SHARES?
The honest answer is that it's too soon to say. If you bought shares in a previous round, the price has gone up. But since our stock isn't liquid, those are only paper gains. It’s like asking “who won” when the game is only at halftime. With Legion M, everyone's bet -- from the CEO and celebrity advisors to our smallest investors -- are still on the table.
Our goal is to grow the value of Legion M large enough to IPO or have an exit that allows you to sell your shares -- hopefully at a huge profit because you got in so early. But if the company fails and goes out of business, your stock will be worth nothing more than a tax write-off. That's the proposition you make when you invest in an early stage company.
For a more detailed discussion, please check out this article.
HAS THE SHARE PRICE INCREASED?
Yes! The chart below shows how the price of Legion M shares has increased with each successive round. These are just “paper gains” until you can sell your shares, but they give you an idea for what other people are willing to pay for shares identical to yours. These prices are set by the company, but each round's share price has been validated with purchases from thousands of investors.
NOTE: Following Round 8 Legion M had a 10:1 stock split. Every share purchased in Rounds 1 thru 8 is now 10 shares due the split.
CAN I SELL MY SHARES?
In most cases, you are free to sell your shares*. That said, since the stock is not currently listed on any secondary exchanges, you’ll need to find your own buyer and negotiate your own price. This can be done (and many investors have done it), but it’s too much of a hassle for most folks. As such, Legion M is generally considered an “illiquid” investment. To learn more about the process of selling your shares, please email team@legionm.com.
* The only investors with restrictions on selling their shares are those that purchased within the last 12 months, and have not yet reached the SEC mandated 1 year “lockup period”. Everyone else is free to sell without any restrictions.
HOW MUCH COULD THE SHARES POTENTIALLY BE WORTH?
That’s the million dollar question! Legion M is a company with a valuation of less than $100MM in an industry where successful companies can be valued in billions and market leaders in hundreds of billions. We believe that if Legion M is successful, there is a LOT of potential upside. That said, there’s also a great deal of risk — most startups fail, and if that happens the stock will likely be worth nothing but a tax write-off.
The important thing to understand is that we’re all in this together. The founders have taken huge pay cuts in exchange for “sweat equity”. High profile advisors like William Shatner and Dean Devlin help us for free in exchange for stock options. Their upside in Legion M is the same as yours -- the value of the stock. And since all Legion M shares have the exact same financial terms, we’re all in the same boat.
We win together or we lose together. So lets win!
IS THERE ANYTHING I CAN DO TO INCREASE THE VALUE OF MY SHARES?
YES! Unlike most investments, you don't have to sit back and wait to see what happens -- you can play a role in the company's success! Come out to see our movies when they play in theaters. Bring a couple friends. Join us at a Legion M event. Help spread the word, and help grow the community. The bigger Legion M gets, the stronger we become. And when we unite, we can do anything!
Onward and Upward,
Jeff, Paul and the Legion M team