Should allow options to cancel or do I sell at a loss?

I was recently let go and in my separation package it said I had until July 19, 2024 to exercise my stock options (which I received as a parts of several bonuses). However, my strike prices for the options are much higher than the current stock price meaning if I exercise these I will do so at a loss. (Nearly 5k)

So my question is, do I exercise at a loss? Or do I let them all be canceled?

Thanks for any help.