If you have a Premium vault, you will notice that now you can create folders at any level in the new version 4.0v, and you can also delete the light blue folders that don't make sense for your life. In the Legacy Version 3x, only level 3 personal folders can be created.
Step 1: Right-click in the Main Window and Select 'New Folder'
Step 2: A New Folder window will pop up
- Enter Folder Name
- Choose/re-choose Location
- Select Entities