Replies to post #211594 on Biotech Values

[marthambles]

Dew, I understand this is bullish, but I don't understand the motivation behind doing this. When you have an option that does not expire for 3+ years, why lock yourself in when you don't have to? Is there some tax advantage to buying earlier?

Thanks.

[randychub]

Are there any situation where they would have to hold? Any pending news or deals good or bad?

[jbog]

Those transactions are just as bullish as the CEO's recent sales.

[DewDiligence]

RVNC CEO exercised and held $200K of stock, using options that didn’t expire until 2020:

https://www.sec.gov/Archives/edgar/data/1479290/000120919117039989/xslF345X03/doc4.xml

This is in addition to the $650K exercise-and-hold transactions by the CEO and CFO two weeks ago: #msg-131817628.

Please see #msg-131819761 for related info.