Probably options expiration as others have pointed out. If you look at his exercise price of $13.44 and see that he sold at $15.62-$15.68, that is the only thing that makes sense. Who would exercise and sell options for only a $2/share gain unless they had to?
I bet he is annoyed he had to sell at $15. AMD should be trading above $20.
HailMary
Help me understand. Why did he have to sell? As far as I know, An required option expiration excercise means that you can buy and hold all or part of the option exercise. You can even sell part, to buy and hold the rest. My impression is that it is not absolutely necessary to sell. My options don't require a sale at expiration excecise. If I come up with the cash, I can buy the shares. I don't think Jerry's hurting for cash.
He excercised and sold all 200,000 shares, PLUS sold 400,000 more on the same day, that was noted as a "planned sale", not as an excercise. Why did "he had to sell" not only the excercised shares, but 400, 000 additional shares?
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