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Cancel 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 Options and Equity Grants tab from the top.


Options 1

Select the particular grant by its ID number.

Options 2

Click the Lapse button towards the top.

Here, enter the termination date and select Lapse button