How to Cancel an Option Grant (Lapse)

To cancel an option grant so all granted options return back to the pool, you will need to record a Lapse on the grant. From the main cap table page, click the Plans and Equity Awards tab from the top.

Select the particular grant by its Cert. number.

Click the Exercise and Termination button towards the top.

Here, select Lapse and enter the termination date.


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