She couldn't sell her shares for cash as she is an insider. So she took the opportunity to exchange them on an approx 3 for 1 basis. She is likely putting a 10b5-1 selling plan in place like the others have done so she can keep the cash.
The good thing for shareholders is that it probably means her 144 exempt (free trading) shares were used to get nonexempt, nonregistered (restricted) shares.
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