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A comment on CD Projekt Conference Call with the Management Board [pdf] (Dec 14). Parent comment

Re:CD Projekt Conference Call with the Management Board [pdf... by WoahNoun on Wednesday December 16, 2020 @12:42AM (#25439481)
In the US, those are regulated. I'm not aware of the details, but I doubt these "certificates" in Poland have the same level of regulation as US securities.
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Re:CD Projekt Conference Call with the Management Board [pdf... by chii on Wednesday December 16, 2020 @01:55AM (#25439838)
This merely makes these certificates worth less than the same but named stock options and regulated.

The employee will "just" need to discount the value of these certificates accordingly.

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