Advice on the offer

Staff software engineer saas company with $200mn-+ARR. $1.2 bn valuation (undervalued but a good thing for me)

Cash component - 65lac (honestly I'm happy with it and not looking to get it improved)

ESOPS - this is a bit tricky as I'm getting 6k units at $3.5 strike price (I feel the company should be valued at 2x it's current valuation and with $7 price of one share make 4 lac a year here when exercise)

My question How does the ESOPS compare with other comparable unicorn SaaS companies like postman, razorpay etc. ?