I think you will find that he has left for personal reasons...

I think you will find that he has left for personal reasons related to his family and hence the timing . It has nothing to do with the companies performance or pending news be it orders or approvals . I think the stress of the last two years and the impact on his family drove the urgency of this decision . He is not walking away but instead staying on until next March to help in all his capacity and who knows might even stay on longer in a new role doing the things that he enjoyed before becoming the CEO be it sales or managing relationships with partners . Now we have very credible people stepping up to take over some of those extra responsibilities that NIr previously said detracted from what he felt he should always have been focused on . This change will present new opportunities and the delegation of responsibilities to 2 or 3 people can only benefit the company in the long run.

The shares out of escrow also to be clear ..
Nir had 26 Mio shares and 10 mio options
He sold about 6.6 mio to pay his tax bill in Israel directly related to this stock holding. He mentioned that at some point he will sell the 3.4 mio (was announced as 4 mio ) or so left to convert the 10 mio options with a strike price of 20 cents . He confirm again this morning that he will be converting those options . The 16 mio escrow is simply the balance of his stock which he he place in voluntary escrow at the end of last year with the condition that he could sell stock to pay his tax bill .

Sad to see him step down on his personal issues but maybe a blessing and this weigh is lifted from his shoulders and he is engaged again on what he prefers to do and that is develop and sell. This has been his baby for 10 years and he will not be doing anything to change that ..