Most likely just liquidating so he can convert those options. There are 37m issued shares, and 18m options. Every 1m options you hold will require $900k to convert, it's not chump change.
The company has MC of about $40m today, but given that options will now be exercised the MC in January will be $60m even if the share price doesn't budge. It's a big dilution and that's definitely causing some of the downward pressure on the SP.
FND Price at posting:
$1.09 Sentiment: Buy Disclosure: Held
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