Quick follow-up re: Mulholland earlier post of
Quick follow-up re: Mulholland earlier post of mine-
From my earlier post on his previous sales:
"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."
These new sales on 12/22 were part of the SAME 10b5-1 plan on 11/12. You can add to the above thresholds the likely values of "if the stock hits $6, then exercise & sell ABC. If the stock hits $6.50 (or 6.75 or $7 as all 3 were triggered on 12/22), then exercise & sell DEF" -- because these sales all correlate to the above prices, he's just scaling as it goes up.
I haven't kept track of, nor do I think it's publicly available, all the remaining options he has. I wouldn't be surprised if he has additional sales at $7.50, $8, etc... until he's done or meets whatever personal goals he has for selling or runs out of vested options.
Still not concerned in the least. If anything, these vicious sell-offs after his Form 4's are giving us a chance to see if this stock really has support underneath it, so far so good...
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