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How do you feel about the offer?
Also what location?
Yr 1 is 199+ 5% of 77k? That seems low.
It depends on where you live. Many states have state and federal taxes, plus figure in HOAs, insurance rates, gas, property taxes/rent/lease, and other things. Stock can be depleted on any given Black Monday (or some other day of the week), so don't depend on their value, no matter what you see & hear. What conditions are the sign-ons, because something could happen that will make you have to leave the company, or be laid off. Be careful but also good luck.
Location??
Did you end up taking it?