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EquityCompensationCancellation

Object - Equity Compensation Cancellation Transaction#

https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/objects/transactions/cancellation/EquityCompensationCancellation.schema.json

Description: Object describing a cancellation of equity compensation

Data Type: `Includes Backwards Compatibility Alias(es)
- OCF Object - TX_PLAN_SECURITY_CANCELLATION
- OCF Object - TX_EQUITY_COMPENSATION_CANCELLATION

Composed From:

Properties:

Property Type Description Required
id STRING Identifier for the object REQUIRED
comments [STRING] Unstructured text comments related to and stored for the object -
object_type Constants (Backwards Compatibility): TX_PLAN_SECURITY_CANCELLATION, TX_EQUITY_COMPENSATION_CANCELLATION
Defined in schema/enums/ObjectType
Object type field REQUIRED
date schema/types/Date Date on which the transaction occurred REQUIRED
security_id STRING Identifier for the security (stock, plan security, warrant, or convertible) by which it can be referenced by other transaction objects. Note that while this identifier is created with an issuance object, it should be different than the issuance object's id field which identifies the issuance transaction object itself. All future transactions on the security (e.g. acceptance, transfer, cancel, etc.) must reference this security_id to qualify which security the transaction applies to. REQUIRED
balance_security_id STRING Identifier for the security that holds the remainder balance (for partial cancellations) -
reason_text STRING Reason for the cancellation REQUIRED
quantity schema/types/Numeric Quantity of non-monetary security units cancelled REQUIRED

Source Code: schema/objects/transactions/cancellation/EquityCompensationCancellation

Examples:

[
  {
    "object_type": "TX_EQUITY_COMPENSATION_CANCELLATION",
    "id": "test-plan-security-cancellation-minimal",
    "security_id": "test-security-id",
    "date": "2019-12-11",
    "reason_text": "need to cancel",
    "quantity": "100"
  },
  {
    "object_type": "TX_EQUITY_COMPENSATION_CANCELLATION",
    "id": "test-plan-security-cancellation-all-fields",
    "security_id": "test-security-id",
    "date": "2019-12-11",
    "reason_text": "need to cancel",
    "quantity": "100",
    "balance_security_id": "test-balance-security-id",
    "comments": [
      "comment-one",
      "comment-two",
      "..."
    ]
  }
]

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