Cancel an option grant

If you would like to cancel an employee's option grant, navigate to "Equity awards" under Securities. The option grants can be canceled individually or in bulk.

Individually

1. Select "Cancel option grant" from the drop-down menu.

NOTE: If you do not see the "Cancel option grant" in the drop-down menu, then you currently do not have full access to securities. To adjust the access levels, click How to adjust access levels

2. Add the employee's cancellation date, reason, and realized value (the gain or loss resulting from the cancellation of the security)

Then click "Next: review cancellation."

When an option grant is cancelled,  all   unvested  and vested shares will return to the option pool immediately.  

3. The status of the option grant will now say "Canceled."

Bulk Cancellation

1. Check off the needed option grants, which will highlight the rows yellow, and click 'Actions,' then select 'Cancel option grants' from the drop-down menu.

Then continue the follow Steps 2 - 4 above.

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