Missling had a choice on what to do with the options he was granted. He bought all of the option shares. He sold some of the shares to cover the costs of buying the options and some to cover the capital gains that became due from buying the options.
He chose not to sell all of the shares he bought.
If he had not bought those shares the options would have expired.
So you are saying that the options I buy and then sell for a profit, that if I use that profit to acquire shares I didn't buy those shares?
To say "it was a gift" is a lie and wrong. It wasn't a gift. He received shares as part of his complementation plan.
Also, the cashless exercises made sense and IMO was the best option for Dr.M on a personal level. This is particularly true in his situation as stock option are a large part of his compensation and has many more option grants banked, and more to come as milestones are met.
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