Correct. This does feel a bit like the MFN, except direct to insiders instead of via Cognate.
This new award is especially egregious after the November 2017 nwbo options were supposed to cover the previous 6 years and the next 2 years.
"Following the discussions with investors, on November 19, 2017 the Company’s Board approved a new plan for equity awards of fifteen percent of the authorized shares at present, to take account of employee and director performance over the last approximately 6 years and anticipated performance over the next approximately 2 years. The awards are subject to various vesting provisions, forfeiture and acceleration provisions tied to milestones over the next 2 years. The Company is now undertaking the steps for implementation."
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