Once options have been issued, they will appear on your cap table as well as listed under the Issued Securities tab. From this view, a number of secondary actions can be performed, including the option to terminate options.
Navigate to the Issued Securities page
Sign in to Cyndx and go to the Owner tab
On the left-hand navigation bar, click the Securities drop down
From the drop down menu, click on Issued Securities
On the Issued Securities page, go to the Options tab
Click the Actions menu (arrow icon) to the right of the option you would like to terminate
Select the option to terminate that option
Terminate Option
7. Fill in the required details
8. Click Submit
Example
Terminate Options
See also: After I manage issued securities, How do I run scenario modeling & waterfall analysis?
Read more on options and equity incentive plans in our Cap Table Glossary