You do realize that these stock options only become exercisable starting from June 2025 and that Yves can exercise them anytime until December 2034, right? And it’s just an option to buy, not an obligation. If the stock price remains at its current level or drops further between June 2025 and December 2034, he simply won’t exercise the options because it wouldn’t make financial sense. That’s all there is to it. Also, there’s no such thing as a deadline for shorts to cover. At most, you could argue that if Yves wanted to exercise his options for 150,000 shares, it would be in his interest for the stock price to rise before December 2034. If anything, the more accurate statement would be something like "20 million Shorts Covering Deadline Established December 2034," but I doubt shorts are losing sleep over whether someone might exercise options in 2034.
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