Update Option Pool Details
You can update your option pool settings at any time, for example, when the board approves a pool increase, you need to update plan documents, or you want to change default grant configurations.
What you can edit
The fields available to edit depend on whether offers have been sent:
If the pool has no offers (or only draft offers):
Pool name
Share class
Number of options
Strike price
Option price
If offers have already been sent or granted:
Pool name
Number of options only
Minimum options allowed: There will be a minimum number of options allowed. This will reflect the total options granted over time including options that have lapsed and returned to the pool. If you are seeking to reduce the pool size below the minimum number of options allowed noted, get in touch with the team via the chat or submit a support request via the help centre.
Note: Option price and strike price can still be updated on individual offers, pool settings act as defaults that can be overridden per grant.
How to update your option pool
Go to Plans → Options.
Click View pool on the plan you want to update.
Click Settings in the top right corner.
Update the relevant details and save.
Additional pool-level settings
From the same Settings screen, you can configure defaults that apply across all grants in this pool:
Require witness signature: enable if your option agreement requires a witness alongside the recipient
Require board approval before issuing grants: all draft grants are sent for board approval before going to the recipient (US only)
Allow early exercise: permits employees to early-exercise options before they vest (US only)
Default option expiration type: choose a time-based expiry (e.g. 10 years from grant date) or None
Notification preferences: configure when automated notifications are sent
Post termination exercise period (PTEP): set a default PTEP for all grants in the plan (e.g. 90 days)
Block signing for 14-day disclosure period: AU companies only
Note: Each of these default settings can be overridden on an individual grant as you create it. Pool settings act as defaults.
What happens next
Changes take effect immediately. If you increased the pool size, the updated number appears in your fully diluted cap table. Existing grants are not affected by pool-level edits.
Local variations
Australia
The Block signing for 14-day disclosure period setting is AU-specific, it prevents recipients from signing offer documents until the required cooling-off period has elapsed.