Management options expiring this yearOriginal options owned by senior management pre-2018 are expiring this year.
Casey Hoyt and Michael Moore each have 50,000 stock options expiring on July 10, 2020 and July 1, 2020 respectively, both at an exercise price of $7.45.
Todd Zehnder has 117,000 stock options expiring on at an exercise price of 3.12 expiring on Dec 7, 2020.
Just a few weeks ago, the Hoyt and Moore options were underwater. Not anymore! The exercise will add about $1 M to the cash of the company and have a dilutive effect of about 0.5%.