How did several employees have equity of more than 1% of the company?? Even in a heavily equity-based compensation package in an early stage startup, anything

How did several employees have equity of more than 1% of the company?? Even in a heavily equity-based compensation package in an early stage startup, anything over 1% is usually reserved for VP-level if not C-level executives, as the entire employee pool is usually only 20-25% Per WSJ: '"Some of these people were sitting on over $200 million and close to 1% of the company" when fully vested, said one person familiar with the list that was compiled.' http://online.wsj.com/article_email/SB10001424052970204621904577018373223480802-lMyQjAxMTAxMDAwOTEwNDkyWj.html http://online.wsj.com/article_email/SB1000142405297020462190...