Biotech Values

[GrthzGd]

Dew, it's also worth noting that, if the option is non-qualified, it's a real vote of confidence, because not only did the executive pay the exercise price, but he will also have to pay ordinary income tax on the difference between his exercise price, and the market price at the time of exercise, and if he holds onto all of the shares, he's paying the tax out of his other income. Many options are cashless, but that will show up as a combined exercise plus partial sale, which I believe didn't occur in this case.