Spot on... These have to be pre-planned and set for some time after the directive is given to avoid running afoul of insider trading regulations.

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-The above was all outlined in a 10b5-1 plan filed on 11/12/2020 (insiders have certain rules / restrictions so they need a predefined plan in place to make sales)
-The 10k seem to indicate all the vested options from 2019 & 2020 have 10-year terms. I'm not sure if these were granted ages ago or not...

Looks like he told his broker "Hey, exercise & sell X if the stock hits $4.50. Then exercise & sell Y if the stock hits $4.75. Then exercise & sell Z if the stock hits $5." --> those "round" numbers correlate to where he sold his shares and would make sense in a pre-defined 10b5-1 plan.

If the stock never made it to $4.50 this year, none of the above sales would have happened.

Read More: https://investorshangout.com/post/view?id=599...z6hKtrH6dC

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