I haven't followed it closely for years but back prior to AD results(failure) they all allowed in the money options to expire worthless or used "cashless exercise"(a broker exercises them, sells most out on market and they keep whatever is left after the broker covers his costs) ... again I showed above another "cashless exercise" for in the money options, lots of performance rights gifted so i guess why would they use their own money lol. I haven't bothered to have a good look, but I'm not aware of any of them putting their own money down. Are you?
Ann: Phase 2a Study Shows BTX 1801 Eradicates S. Aureus, page-978
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