you are right that it was exercised when the price
Post# of 75002
It’s also paper certs under rule 144 and are restricted shares for 6 months. The earliest they could deposit the share is July then go through the processes for legal review etc which takes a bit of time.
Now, in the interim it becomes a taxable event that has to be paid in a quarterly estimate.
This shows that the recipients are long RMHB