A stock option is the right to become an investor at, hopefully, a preferential price assuming that, hopefully, the option is still exercisable. Both legally an

A stock option is the right to become an investor at, hopefully, a preferential price assuming that, hopefully, the option is still exercisable. Both legally and based upon your personal circumstances in the future. In contrast, a true and immediate equity grant is becoming an investor. People like to fuzz these concepts but they are different in principle.