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How do I reprice Option Grants?
How do I reprice Option Grants?

Step by step guide on repricing Options

Michelle Chu avatar
Written by Michelle Chu
Updated over a week ago

Repricing Options in Pulley: A Step-by-Step Guide

If you need to reprice options in the Pulley platform, you can easily do so by following these simple steps:


Step 1: Go to the Live Cap Table and Select the Options Tab

Once you're on the Live Cap Table page, select the Options tab. From there, select Actions and then choose Reprice Options.

Step 2: Add Draft Repricings

On the Draft Repricings page, select Add Draft Repricings. This will allow you to start the process of repricing your options.

Step 3: Select the Options You Wish to Reprice

Now, you can select which options you want to reprice. Simply check the box on the left of the certificate ID of the options you wish to reprice and then select Next at the bottom right.

Step 4: Set the New Exercise Price and Issue Date

On the next page, you'll need to set the new exercise price and new issue date for each option grant. Once you've done that, select Next at the bottom right.

Step 5: Review Changes and Confirm

Before confirming, you'll be taken to the Review Changes page to double-check the information you've entered. Make sure everything is correct before selecting Finish.

Step 6: Store the Changes

Once you've confirmed your changes, you'll be redirected to the Draft Repricings page. At this point, your changes have not affected the Live Cap Table, and you can store them for future use if you so choose. (Return to step 1 to re-enter this tab)

Step 7: Apply Repricings

When you're ready to make the changes, go back to the Draft Repricings page and select the check box for each option. Then, select Apply Repricings. This will apply the repricings to the Live Cap Table.

Step 8: Review the Changes

Repricing is now complete, and you can review the Live Cap Table to see the changes you've made.

Once you apply the repricing, the following changes will occur:

  • The original grants will be cancelled

  • A new certificate will be generated for each of the repriced grants

  • The stakeholders will be notified via email to accept their newly priced option grants

And that's it! By following these steps, you can easily reprice options in the Pulley platform. If you have any questions or encounter any issues, please don't hesitate to contact Pulley's support team for further assistance.

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