We's corporate structure is a bit complicated, but the short answer is that Adam relinquished the options in questions in return for an interest in a different

We's corporate structure is a bit complicated, but the short answer is that Adam relinquished the options in questions in return for an interest in a different piece of the company. See this in the S-1: Shortly after the option awards were issued, Adam exercised the time-based option described above in exchange for a $362.1 million full recourse promissory note payable to the Company (with an interest rate of 2.89% and a maturity date of April 11, 2029). In August 2019, Adam repaid the promissory note (including interest) in full by surrendering to the Company all of the shares received in respect of the time-based option described above. Following the settlement of this loan, the Company issued to Adam the number of profits interests equal to the number of shares surrendered by Adam in settlement of the loan.