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Rising Star
You purchase your vested shares at the strike price outlined in your stock option grant
Yep, it should be outlined in there. Don't hesitate to reach out to your HR/whoever you signed with to find out.
It depends. It’s possible for different companies to handle it differently, though certain paths are more common than others. (I was at a company that was acquired, so not quite the same thing, but they accelerated our vesting and gave us a choice between earn-out or buy-out. Unusually employee-friendly)
I've had the same experience and held onto mine.