A type of warrants whereby a company grants an investor (warrantholder) a contractual right (without the obligation) to subscribe to a specific type of equity (shares) in that company. The potential investor will be able, over the lifespan of the warrant, to own a given number of equity shares and hence becomes a equity holder. The contractual right to subscribe to equity shares is similar, in many respects, to an option (non-product type).

Share warrants, also referred to as equity warrants, differs from bearer share warrants or share warrants to bearer, which involve unregistered shares owned by the holder- whoever holds the instrument. In specific jurisdictions, bearer instruments are no more permitted by laws and regulations.