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DewDiligence

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DewDiligence

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Re: None

Monday, 12/19/2022 8:05:46 PM

Monday, December 19, 2022 8:05:46 PM

Post# of 2958
Jay Luly exercised and held $620K of stock today:

https://www.sec.gov/Archives/edgar/data/1177648/000106299322024173/xslF345X03/form4.xml

The options in question did not expire until Dec 2023. Moreover, Luly paid the tax due from the exercised shares in cash rather than in forfeited shares, which makes the exercise-and-hold action mathematically equivalent to an open-market purchase in terms of bullishness.

Note: This exercise-and-hold action was not triggered by Luly’s 10b5-1 plan.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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