Replies to post #396730 on NorthWest Biotherapeutics Inc (NWBO)

[sentiment_stocks]

Your source notes that “within sixty days”, the person is deemed to be the beneficial owner.

I wonder if there’s a particular reason LP and LG chose 61 days.

Ms. Linda Powers, the Company’s Chief Executive Officer, and Mr. Leslie Goldman, the Company’s Senior Vice President, are subject to an agreement under which they cannot exercise any options or warrants except upon at least 61 days’ prior notice.

[anders2211]

I don't think it is related to personal dealing or financial planning. The maneuver does keep Linda and Les below 5% for proxy purposes, but it does not change their requirement for SEC ownership filings since both are nwbo officers

I think its tax-related, at least in Europe it would be.
5% ownership pushes the owner in another tax bracket, not in the US?

Imagine them having to pay tax over potential give or take $50 million that they can not actually financially "enjoy".