How would that invalidate the option contract? As far as the company is aware the option was exercised under the employee name and stays that way indefinitely t

How would that invalidate the option contract? As far as the company is aware the option was exercised under the employee name and stays that way indefinitely till an IPO event. Post-IPO the shares are prob deposited in Computershare and as a shareholder you can transfer it to anyone you want.