unexercise

Verb

unexercise (third-person singular simple present unexercises, present participle unexercising, simple past and past participle unexercised)

1. (rare, transitive) To undo the use of (a right, an option, etc.).
   • Where stock prices fall sharply after an executive exercises a Newco stock option, the executive may end up holding Newco stock worth less than the taxes triggered by option exercise. In such case, the executive may wish to "unexercise" the option and calculate his taxable income as if the option...2018, Ginsburg & Levin, Rocap, Mergers, Acquisitions, and Buyouts, December 2018 Edition