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Saturday, January 30, 2021 11:52:10 AM
Read the footnotes. These sales were effected based on a 10b5-1 Plan previously put in place by him....meaning they were planned sales for a while now and many stemmed from stock options he acquired from the 2011 Stock Incentive Plan. There are strict rules in place on when companies can modify these 10b5-1 plans to guard against insider trading, etc.
Also of note that he still has rights to approx. 1.5 mm shares.
As of the date of this Form 4, the Reporting Person owns or holds the right to acquire an aggregate of 1,537,130 Ordinary Shares of the Issuer in the form of Ordinary Shares, stock options and RSUs outstandingunder the Issuer's stock incentive plans, including but not limited to certain performance-based RSUs that are earned only if certain pre-defined operational milestones are achieved and, in certain cases, then vestonly if the recipient remains with the company for an extended period of time
Multiple reportable transactions are reported in the Form 4 including exercises of previously granted stock options, vesting of previously granted restricted stock units, and sale of certain shares. The marketsales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
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