Corporate ActionJul 17, 2026, 04:07 PM
monday.com cancels 10.88M unissued shares from 2021 incentive plan
AI Summary
monday.com Ltd. announced the cancellation of 10,875,000 unissued ordinary shares previously reserved under its 2021 Share Incentive Plan. This action, approved by the Compensation Committee and Board, aims to manage shareholder dilution by reducing the share reserve that exceeded anticipated needs. The cancellation does not affect previously granted equity awards or the upcoming Annual General Meeting proposals.
Key Highlights
- monday.com cancelled 10,875,000 unissued ordinary shares from its 2021 Share Incentive Plan.
- The cancellation was approved by the Compensation Committee and Board on July 1, 2026.
- Shares available for future grants under the 2021 Plan are now 11,797,025.
- Total ordinary shares reserved for future issuance are 58,674,928.
- Dilution under the 2021 Plan is 9.94% on a fully diluted basis as of July 1, 2026.
- The action aims to manage shareholder dilution and align with anticipated equity plan needs.
Price Impact
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