[coderintherye]

Probably, but what's your negotiation position?

If you believe management is amendable and just needs data, then pull data for typical equity grants at this stage to your equivalent position and present it to them.

If not amenable, then decide if you are prepared to walk away and then if so set an ultimatum for a market-rate grant.

Also, regarding "$1m if startup is valued at $1b, it's still only 0.1%" it's actually quite likely to get diluted by that point. You should ask them if the shares are non-dilutive or not (unlikely to be protected from dilution).

[thr02]

My negotiation position is fairly weak at the moment since I am not actively searching and didn't mean to. So I guess anything except "I am quitting" is fairly weak.

As to the typical equity grants at this stage, this is exactly what I am looking for. Could you recommend something trustworthy and up-to-date?