can you call this the pocket ?
Stock options O/S at 6/30: 1.267 Million shares avg exercise price of $2.10
Mgmt exercised in 1st half of 2022 1.816 Million shares at avg price $2.25
Restricted Stock issued with $0.0 exercise price of 3.518 Million shares
If you assume a $3.15/share price at time of merger, it works out to benefit Mgmt by ~$14,165,000. If you exclude the shares already exercised, it is $12,349,000.
All this assumes that the normal deferrals of stock maturities are waived at the time of the merger and shares values in U$D.
jmho
