RE:RE:Insider Trading
DoumDiDoum wrote: According to SEDI information, JF has 250K of 24 cents options expiring on June 21st, meaning he needs $60K to finance that. He sold for about $79K so I guess he needed an extra amount for YOLO things.
Like you, I really don't like to see insiders selling shares. But, if JF wants to exercise his 250K of 24 cents options, I think he would need more than $60K to finance that. I think he has to account for income tax on the gain between the exercise price (24 cents) and the present FMV (86 cents). That's a gain of more than $150K !
I hope to see him exercise those options real soon, as that would mean that he is afraid that exercising in June would still cost $60K for the shares, but the taxable gain would get a lot more expensive with a higher share price (FMV) by then.