I'm surprised that granting unauthorized shares is even legal. Was this fact disclosed to shareholders when it occurred? I do not recall any such statement from the company prior to this. How are these grants accounted for in the 10K? I see it says that 1 MM + shares were still available at fiscal year end.

Did NP get his shares for submitting the BLA even though it received a CRL? Unbelievable. So not only did the award not require approval of LL, it didn't even require acceptance of the BLA by FDA.