I am not defending them at all but it looks like he was compensated @10.5 thousandish shares and sold 4 thousandish. Their IR told me in the past this is part of a prearranged sales plan to pay taxes on compensatory share allotments. It's actually not unheard of at all but I HATE how they are doing it. These types of plans can be changed, and I think they should change their plan to at least not sell when the stock is at close to all time lows.
Regarding the potential dilution, I've pasted the Equity Compensation Plan below from the latest filing.
With that being said, these share allotments seem to happen at either prearranged times or after something good has happened, such as a settlement, license agreement, etc.
EQUITY COMPENSATION PLAN INFORMATION
As of December 31, 2015, securities issued and securities available for future issuance under the 2014 Plan and 2013 Global Share Option Plan and Israeli Sub-Plan (“the 2013 Option Plan”) were as set forth below.
Number of securities to be issued upon exercise of outstanding options, warrants and rights (1)
1, 919,542
Weighted average exercise price of outstanding options, warrants and rights Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in the first column) (2)
Equity compensation plans approved by security holders
1.85
Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in the first column) (2
1,536,670
Represents 408,710 RSUs and 1,510,832 options to purchase shares of common stock outstanding as of December 31, 2015 under the 2014 Plan and the 2013 Plan.
(2)
Securities available for future issuance under the 2014 Plan; no shares are available for future issuance under the 2013 Plan.
