Cytodyn Inc (CYDY)

[justdafactss]

Explains CEO and CMO dumping shares and NP's severance cash requirement going from $4 million to ZERO-

Effective June 15, 2020, the Company and Nader Z. Pourhassan, Ph.D., President and Chief Executive Officer, entered into a second amended and restated employment agreement. The primary changes to the agreement include a modification to the severance payable to Dr. Pourhassan in the event his employment is terminated by the Company without cause, by increasing severance payable to 18 months from 12 months upon termination without cause and deleting the limitation from his prior agreement that the severance would not be payable if the Company had less than $4 million in cash on hand or net worth of less than $5 million.
https://www.sec.gov/Archives/edgar/data/1175680/000119312520174232/d696347d8k.htm