That&#x27;s not how stocks work there are different types&#x2F;classes of stock and different types of options.
They can still give employees non voting stock and issue ESO&#x27;s.
It&#x27;s quite rare to issue full equity with voting rights to employees.
ESO&#x27;s generally have quite strict vesting and are non-transferable so this is pretty much a company wide ETO incentive bonus.