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How established is the company? Newer/smaller companies will do this sometimes because they need something other than cash to sweeten the deal. Just be weary of the vesting conditions and any forfeiture provisions. And if they’re private, make sure you can actually cash out if they don’t happen to IPO or get bought out by the time you leave.
They just went Public within the last 2 years. In terms of how established, I’m not too sure there but they are definitely in the early growth stage.