Oct. 3 at 4:51 PM
$PLX a shitload of 4s came out
AI quick summary
insiders are being incentivized to stay and benefit from appreciation. It’s not a surprise raise or ATM usage. If anything, it reduces the odds of dilution in the very near term because the board just gave everyone cheap stock; they don’t want to crater it right away.
Not dilution: these are compensation grants from the existing equity incentive pool, not new financings.
Alignment: insiders only benefit if PLX trades above
$1.64 in the long run, which is already the case at today’s ~
$2.30–
$2.50.
Signal: blanket option grants across management + directors can mean the board is locking in retention right before a potential inflection (milestones, partnerships, or M&A). It’s common to issue options when they think the stock is undervalued and events are ahead.
Optics: sometimes traders worry this means “they’ll sell later,” but the strike price + 12-quarter vesting means these are sticky. They don’t turn into free tradable shares overnight.
