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Re: scorman1 post# 422939

Saturday, 07/15/2023 8:13:22 PM

Saturday, July 15, 2023 8:13:22 PM

Post# of 462986
scorman1, those shares were not "FREE". The options are part of his compensation package. He earned them. The strike was $1.60 per share - meaning that when those options were granted the share price was $1.60. The share price now is ~$8.50. Excellent return.

Dr. Missling chose to convert that compensation into shares at the higher strike: in other words, instead of taking $2.2m home, he chose to buy and keep 230,000 AVXL shares.
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