Should I repot Catasetum schunkei?

[theorchidapartment]

Hi all!

I have a Catasetum schunkei that I got last summer. It came from the southern hemisphere, so it's been a little seasonally confused and I am still a baby beginner when it comes to growing Catasetum-type orchids.

However, I am monitoring the emergence of TWO new growths. One is starting to produce roots and the other is still very tiny. (You can kinda see the top if it behind the new roots in the second pic.)

As you can see in the pic, it has a very mushy back bulb and the new growths are emerging from a high point on the plant, which is quite a bit higher than the top of the pot/media.

Should I repot this before the new roots get long enough that I might break them in the process? If so, should I remove the back bulb and bury the lower parts of the other bulbs in media so the bottom of the new growths are more aligned with the top of the media/not so exposed?

Thank you in advance for your help!