Hacker News story: Ask HN: What does lower 409A stock price mean for employees?

Ask HN: What does lower 409A stock price mean for employees?
My company ($500Mn+ at last raised round in 2015) offered me stock options at $4 when I joined in 2015 (so I have ~3/4 of it vested). The last round means my stock is valued at ~12 dollars a share. They recently had a 409a valuation, and came up with a stock repriced at $2.5. Now they have offered current employees an option to reprice their stock, both vested and unvested, but with the catch that if you choose to reprice, you have to stay with the company for 1 year (if not, all stock gets relinquished). We've been given a couple days to make a decision, but there is still a lot of uncertainty: 1) Does a lower 409A stock price mean that if we raise money again it's ll be at a valuation lower than the last round? 2) If we get acquired in next year (which seems likely given the flat revenue and feelers being sent out by CEO), then will the company sell for less than the last round valuation? 3) If we get acquired in the next year, then will the vesting perion still end once the year end or will there be a new (shudder) vesting schedule with the acquiring company? There are not too many reasons for me to stay with the company over the next year (lack of product vision, slow growth, lots of leadership leaving etc.) but a big financial upside (if any) would definitely count as a pro. I'd appreciate anyone with the knowhow guiding us in this since the CEO and board are all making it sound like an opportunity of a lifetime, and I'm concerned about how true this is. 0 comments on Hacker News.
My company ($500Mn+ at last raised round in 2015) offered me stock options at $4 when I joined in 2015 (so I have ~3/4 of it vested). The last round means my stock is valued at ~12 dollars a share. They recently had a 409a valuation, and came up with a stock repriced at $2.5. Now they have offered current employees an option to reprice their stock, both vested and unvested, but with the catch that if you choose to reprice, you have to stay with the company for 1 year (if not, all stock gets relinquished). We've been given a couple days to make a decision, but there is still a lot of uncertainty: 1) Does a lower 409A stock price mean that if we raise money again it's ll be at a valuation lower than the last round? 2) If we get acquired in next year (which seems likely given the flat revenue and feelers being sent out by CEO), then will the company sell for less than the last round valuation? 3) If we get acquired in the next year, then will the vesting perion still end once the year end or will there be a new (shudder) vesting schedule with the acquiring company? There are not too many reasons for me to stay with the company over the next year (lack of product vision, slow growth, lots of leadership leaving etc.) but a big financial upside (if any) would definitely count as a pro. I'd appreciate anyone with the knowhow guiding us in this since the CEO and board are all making it sound like an opportunity of a lifetime, and I'm concerned about how true this is.