It’s not the options, but the math that was used to explain the options mean nothing, as far as the date they would be exercised/granted. Per bio’s research concerning a vote for an additional 1.8 million options granted towards management at this years ASM, it would make since (for management) that no positive data would be announced prior to ASM as those options would hold that days pps strike. Long story short, it’s been the math of announcing prior to ASM or after ASM as to what would be more beneficial to those holding such ‘Newly granted’ options. It’s very clear that it would be more beneficial for management to withhold data until those new options were granted if data is positive.
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