For me, the risks outweigh the benefits....Or the potential payoff.

I don't trust those in charge. I also can't control the timing....

The timing is important when you are ready to cash out. That's all.

So, if that's important for you at only one point in time that you can't predict and control then look for other types of compensation.

management would be happy to give you stock options. Won't cost them a dime to save a nickel.

Legal and available aren't the questions.... Prudent and Smart is what I would focus on.