Early 2015 was the switch at about $22 something 409a. People were told the preferred price in offers by recruiters although, which was about 1.3x more in value. In late 2015 to 2016, offers dropped a lot, in 2017 and 2018 they went up again.
Even if it settles down at 35 or so eventually, how many of Uber developers become millionaires? I know there could be lock-in period but still - I didn't know on average how much stock refresher Uber gives each year..