Terminations and Grant Cancellations Management

Altshare allows you to manage employee terminations and grant cancellations directly from the platform while automatically updating vesting and exercisable balances.

How to Terminate a Beneficiary
 

1. Locate the relevant beneficiary
2. Click the … three-dots icon next to the beneficiary’s name
3. Click Terminate

Enter:

• Termination date (future date is accepted as well)
• Exercise period for exercisable options (according to the company’s equity plan and grant terms)

The system will automatically calculate exercisable options, expiration dates, and relevant cancellations according to the termination terms.

Once completed, click Confirm.

A new row will automatically appear in the Cancellations table, and the beneficiary’s data will be updated accordingly.

How to Cancel a Grant

Grant cancellations may be added from two locations in the platform: the Cancellations table or the relevant grant profile.

Option 1: Add a Cancellation from the Cancellations Table

1. Navigate to the Cancellations table
2. Click ➕ Add New Grant Cancellation
3. Select the relevant beneficiary

Enter:

• Cancellation reason
• Cancellation date
• Terms for cancellation of exercisable options

Once completed, click Add.

Option 2: Add a Cancellation from the Grant Profile

1. Open the relevant grant from the Grants table
2. Scroll down to the Grant Cancellations section
3. Click ➕ Add

Enter:

• Cancellation reason
• Cancellation date
• Terms for cancellation of exercisable options

Once completed, confirm the cancellation.

Important Note

Termination and cancellation actions automatically impact vesting schedules, exercisable balances, reports, and equity pool calculations across the platform.