Basically the title, my boss (CEO) has sent over some documents to sign and he explained that if the company gets bought by another party or changes ownership (someone buys more than 50%) then I can excercise my option to buy 0.5% of the company. Are there any potential downsides to this? I don't really have any lawyer friends to take a look at the documents (I'm 23 for reference). At the previous funding round the company shares were worth about 10x more than what I'd be paying for them if I excercised my options. Sounds kinda too good to be true (and the second funding round is ongoing but going extremely well). Are there any pitfalls I should be looking out for? I know that's my potential earnings are taxed but anything else?