Right, but it doesn’t look good either way. I’m long the stock and would have preferred to see these were shares he Purchased in the open market and sold, rather than Granted options he just exercised and sold during a spike in the stock price. This was 1.2M shares which is a substantial overhead to the stock jumping back to $3.5 or above.
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.