Conatus Pharmaceuticals Inc. (CNAT)

[Theo]

I was looking over the FORM 4 and noticed those options are not exercisable all at once. Notice the Explanation of Responses:

1) The option was granted on January 26, 2017. 25% of the total number of shares of common stock subject to the option will vest on January 26, 2018, and 1/48th of the total number of shares of common stock subject to the option will vest monthly thereafter, subject to the Reporting Person's continued employment or service relationship with the Issuer on each such vesting date.

Doesn't look like to me that they are just giving him a load of stock to unload imo. Your take?