Exactly. Not really surprising he doesn't bother exercising when he prob has a tonne of shares and will receive many more shares/options for free as bonuses. For him it only makes sense to exercise those that are materially in the money.
He'd prob rather spend the 15k on a holiday and might not have been able to sell once exercised due to the restrictive windows.
Peanuts for peanuts to hyperbolise about.
Ann: Walkabout shareholders provide $5m loan to bridge funding, page-391
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