Jan. 8 at 7:14 PM
$LENZ update on insider buy confusion.
The files on http://SEC.GOV for Jan 6th are clearly a bonus based incentive program for executive leadership.
The vesting schedules are essentially a 5 year vesting plan.
Exercise price on the options is
$16 dollars.
Meaning in the next 5 years it is within their best interest to have the stock appreciate in value and hold value for the next 5 years because that is when they can exercise them.
This was given to CCO, CFO and CMO
Total options/shares = 294,600
Value at issue
$16/share =
$4,713,600
Value in 5 years at
$100/share = 29,460,000
Yeah, if I were them, I’d be working my ass off to make VIZZ the biggest underdog success in history.