If you would like to change the number of reserved shares (i.e. increase or decrease) in your employee share incentive plan follow the steps below to make the change on your cap table.
You will need a board resolution approving the change and you can attach the board resolution to the amendment.
1. Click on Options (ESOP)
Head over to 'Securities' on the left panel to select Options (ESOP).
2. Select the share plan you want to amend
It's highlighted and underlined in blue so you can click to access it.
3. Click on Manage
4. Click on Amend
This will bring up a an amendment form.
5. Select your amendment date
It is the effective date on which the option plan is being amended.
6. Type in the new number of shares
Type in the total number of shares you would like your ESOP to be after amendment.
7. Add supporting documents
Attach the board resolution approving the amendment to the number of reserved shares.
8. Click Save
9. Publish your amendment
You need to publish your amendment to see the change on your cap table.
