"The Nader" acquired the shares by exercising stoc
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Posted On: 04/19/2024 5:40:07 PM
"The Nader" acquired the shares by exercising stock options and then selling on the open market.
The transaction was conducted as a "cashless exercise." The money needed to buy the shares was provided by Jeffries the Investment Banker...and amounted to $3.8 Million to acquire the 4.82 million shares.
After he sold the shares he repaid the debt and essentially pocketed the difference...$11.96 Million. That was roughly $3.267 PPS.
As I remember, A portion of the sale proceeds somewhere around $8 million went to Samsung. That's how the deal was explained as I recall....comments?
The transaction was conducted as a "cashless exercise." The money needed to buy the shares was provided by Jeffries the Investment Banker...and amounted to $3.8 Million to acquire the 4.82 million shares.
After he sold the shares he repaid the debt and essentially pocketed the difference...$11.96 Million. That was roughly $3.267 PPS.
As I remember, A portion of the sale proceeds somewhere around $8 million went to Samsung. That's how the deal was explained as I recall....comments?
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