Thank you. So looks like he had several years to exercise them but decided to exercise them ALL when the strike price was met. Real vote of confidence for the longs. Lol. So basically the CEO knows no buyout is coming or that the company is worth much less than current market cap
He probably knows it's worth much less because sales of the same drug in japan is only selling a few million dollars. Not tens or hudreds of millions
HOWEVER, he was also granted 500,000 options at certain expiration dates (way out in the future). But, he chose to exercise them ALL on the day of the EMA positive recommendation. Why do you think he did that? Why would he not hang onto them ALL if he felt they were going to be bought out or that the stock was headed higher due to bigger sales? EXPLAIN THAT.
Instead, he decided to sell them.... ALL on that day... and guess who he sold them to... that's right.. YOU and the rest of the longs. He dumped on you big time... 500k!
Please note, it takes a while to plan the sale of 14 million dollars in options... so he had this prepared BEFORE the announcement... legal? I think not.