So, I guess you're saying you believe the CEO is currently 'diluting'?
...that's acceptable: if trying to 'raise capital' for development and/or launch of a product...
Otherwise: a major increase in the AS doesn't necessarily indicate 'dilution' (but an increase in the OS will!). Keep an eye on L2 (@ VFIN, VERT, etc.) for any 'major' or 'prolonged' share-selling.
But I will say this: CEO's (& BODs) don't *usually* increase the share structure, to not 'sell shares'.
1) My comments are not professional advice: always #DYODD -- 'cause i don't want your wife & kids mad @ me!
2) And my opinion is just that: MY opinion! (...got no time to argue w/ strangers on 'tha intrawebs'!) :-)