Not even close, they are not insiders and can sell the freely tradeable shares as they wish without restriction. They will not be registered anywhere as the 8k's explain they are exempt from registration under Unregistered Sales of Equity Securities..
278,583,920 shares have been issued since proxy approval and are in the OS#. Once holders filled out paperwork for cashless exercise which they had months to do, there is no red tape. The Shares were electronically delivered to the account of Holder by DWAC.
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