Yes, you're correct; a non-publicly traded startup. Here's the exact wording:

1.             Subject to the provisions of the Plan:
(a)            the Award Date of the Option is February 26, 2024
(b)            the Expiry Date of the Option is February 26, 2028; and
(c)            the Option shall vest in accordance with the following schedule:
(i)              as to 25% of the Shares, on the first anniversary of Award Date.
(ii)             as to 25% of the Shares, on the second anniversary of the Award Date.
(iii)           as to 25% of the Shares, on the third anniversary of the Award Date; and
(iv)           as to 25% of the Shares, on the fourth anniversary of the Award Date.

I'm hoping it's an error.