I don't think Op has options. He said no one's shares have vested. You can't have a company ownership only made up of stock options. I think they both own rest

I don't think Op has options. He said no one's shares have vested. You can't have a company ownership only made up of stock options. I think they both own restricted stock units that are repurchased by the company at nominal values if the employee leaves or violates certain terms.