It was most likely a grant with early exercise: https://www.cooleygo.com/early-exercisable-stock-options-what-you-need-to-know/ https://www.cooleygo.com/early-e

It was most likely a grant with early exercise: https://www.cooleygo.com/early-exercisable-stock-options-what-you-need-to-know/ https://www.cooleygo.com/early-exercisable-stock-options-wha... Any company claiming to be employee-friendly should offer this while its 409A valuation is low. 10-year exercise windows take care of the people who come later and should also be standard at this point.