Anavex Life Sciences Corp (AVXL)

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Option 4. He could have sold all the shares he exercised from the free low strike options. Instead of the market shrugging off the chosen partial sale for taxes, this move would have led to a sharp decline in price with subsequent paper losses far in excess of the short term profit for the largest shareholder and his 1.5 million shares. That would have been almost as silly as letting options expire.

I don’t read anything much good or bad into his decision. It’s a common choice for CEOs to make. It was the most neutral decision and regardless of outcomes with Rett, Missling will be just fine. However, it certainly doesn’t look like the CEO feels an AD AA NDA is forthcoming in months.