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It is common for Employee Stock Ownership programs to have vesting periods.

Much depends on the quality of the stock and their prospects. If its a good quality stock with good growth potential, it can be fine to buy. If its a small company with volatile stock prices it is risky.

Companies do this to encourage employees to own stock. They then share in the success of everyone's efforts. Similarly they would not do an ESPP offer at a time when they thought there was risk. They want buyers under the plan to prosper. But you know the company. You have to decide for yourself.
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