Seeking Alpha reports that the awards will start to vest after six months and will vest over four years; company plans to offer a liquidity event roughly a year from now, in which employees can cash out some of their equity.

Published reports cited a mail by Tesla CEO Elon Musk which said, "I see a clear, but difficult, path to a >$250B valuation," meaning stock granted now would be worth 10 times more.

Mr. Musk also said in the email that Twitter is being reshaped so rapidly that the company can be thought of as an inverse startup. He said radical changes have been necessary in part to ensure that Twitter didn't go bankrupt.

As The Epoch Times' Tom Ozimek reported earlier, parts of Twitter's source code have been leaked and the social media platform owned by billionaire Elon Musk is seeking information on the person responsible, according to legal filings.

the March 24 document filed with the U.S. District Court of the Northern District of California, indicates that "various excerpts" of Twitter's source code, which is used to run the company online, were posted on Github by a user named "FreeSpeechEnthusiast."

Twitter said the leak included the "[p]roprietary source code for Twitter's platform and internal tools."

Github, which is a Microsoft-owned platform for sharing code for software development, said that it had taken down the code at Twitter's request.

Twitter has asked for a subpoena to force Github to disclose who was behind the leak.

The Epoch Times has reached out to Github and Twitter for comment but received no immediate response.