How to change the option pool size
Once you have an equity plan in place, you can simply make amendments to increase or decrease the number of shares in the option pool on an as-needed basis.
Similar to the initial plan document, amendments must be also approved by your board of directors and then by shareholders.
Navigate to Essentials → Issue equity → click Manage under equity plan.
Click the three dots at the end of the plan’s row → select Edit/Amend plan.
Click Add new amendment.
Enter the details of the amendment, including the Total reserved shares and the Board approval date.
Upload a copy of the applicable Equity incentive plan document, and make any necessary updates to the Term and expiration, Exercise periods, and/or Repurchase period.
When finished, scroll to the bottom and click Save amendment.