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Re: ombowstring post# 73609

Saturday, 05/02/2020 6:58:53 PM

Saturday, May 02, 2020 6:58:53 PM

Post# of 233484
Not exactly. The company just issues him the net amount of shares - effectively he sold a portion back to the company. The usual clause uses closing price. That's what "cashless exercise" means on his form 144.

This way, only the net amount of shares hit the open market.

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