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🌍 US & Europe · Docs & rolesGrant agreement
Also called: award agreement, equity grant letter
In one line
The document that spells out the specific terms of your individual equity award — amount, vesting, strike price and conditions.
In plain English
Your grant agreement is your personal equity contract: how many shares or options, your strike price, your vesting schedule, and any special clauses. It's the second key document after the plan itself.
If you were explaining it to a 5-year-old
Your own personal note from the club saying exactly how much chocolate you'll earn, when, and the price to claim it.
Why it matters when you sell
It holds the numbers you need to value and plan a sale: your share count, strike and vesting status.
Related terms
Put it to use
When you're ready to go deeper, there's an optional Equity Toolkit and Report.
Sources
A general market-practice term. See how we define and source the glossary in our methodology. General information, not advice.
Educational information only — not financial, tax or legal advice, and not an offer to buy or sell any security. Definitions are general; your own documents and local law govern your situation. PrivateTechShares is independent and not a broker or marketplace.