Any time a company asks you to forgo cash compensation for stock you should start preparing an exit strategy: this is doubly true if the stock isn't liquid. I

Any time a company asks you to forgo cash compensation for stock you should start preparing an exit strategy: this is doubly true if the stock isn't liquid. I once worked at a unicorn that a week before bonuses were due to be paid changed them from cash to immediately vesting RSUs. Six months later they were filing for Chapter 11.