Did you take the time to look at it?
Chen got 900,000 options with a 4 cent strike price, vesting over three years. To be clear, the strike price is the price of the stock on the day of issue and is controlled by law to prevent fraud. For those not familiar with company issued stock options, that means Chen has nothing until next year at this point, when 300,000 will vest and, correspondingly, 300,000 will vest over each of the next two years. This does not mean that Elite has to wait three years before issuing the next set of options. We got them every year, though they vested over five years. But, if the share price remains at or below the strike price the options are worthless...except, there is a reason they are called options. You can actually pay the funds to translate them into common shares and hold them as one would common shares, selling at any time thereafter.
In comparison, Bregman received 300,000 options at a 5.62 cent strike price, with 100,000 vesting each of the three years. Which means Bregman left with nothing more than what he was paid in salary and, likely as not, some "hanging the curtains" money for coming on board. For the uninformed, that means he got some form of small bonus. What I take from Bregman's number of options is that he was never seen as a long term fit...or he was a bad negotiator.
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