I'm on the fence on this one. Other startups that went this route simply fired these employees to get back unvested shares or options. To Pincus' credit, he at

I'm on the fence on this one. Other startups that went this route simply fired these employees to get back unvested shares or options. To Pincus' credit, he at least gives them the opportunity to renegociate. On the other hand, I agree the fact he may want to keep them instead of firing them sounds fishy.