No short-term (6-12 months) dilution. This is an Employee Incentive Compensation Plan or Option. After one year, 25% will become exercisable, and after 4 years, 100% will become exercisable.
No dilution in 12 months. Also, employee cannot use short option to box the trades. This is a stock you may like to keep until Phase III is completed and FDA filing next. It may take as long as 7-10 months.
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