You have no public stock, so the instrument is unavailable. The principle underneath it is available and is worth more than the instrument: decide the terms of a future liquidity event while you are not under pressure, and write them down. The Siebel entry above is the argument against doing this carelessly — a plan written in share counts in September 2024 was still mechanically exercising options at a 52-week low two years later, because nobody built a review trigger into it.

If you write anything resembling a personal liquidity policy for Geomechanica shares, give it a dated review point rather than only an end date.