How in the world did you get "incoming CEO" from his tweet? You even quoted it verbatim in your other post.
$GVSI has come to an agreement with its CEO that the 300,000 Preferred B shares purchased by him cannot be converted for a period of 20 years. This restriction will pass on to any transferee once the merger is completed.”
Sharp came to an agreement with himself to restrict the shares. Any incoming company will be restricted as to Sharp's shares.