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Posted On: 05/02/2020 11:08:37 AM
Post# of 153994
Re: SouthernGold #31489
Form 144 says its a stock option exercise, a cashless exercise transaction.
What Is a Cashless Exercise?
A cashless exercise, also known as a "same-day sale," is a transaction in which an employee exercises their stock options by using a short-term loan provided by a brokerage firm. The proceeds from exercising the stock options are then used to repay the loan.
What Is a Cashless Exercise?
A cashless exercise, also known as a "same-day sale," is a transaction in which an employee exercises their stock options by using a short-term loan provided by a brokerage firm. The proceeds from exercising the stock options are then used to repay the loan.
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