Q: When I look at Kelt on the 5i website it says insiders are exercising options at 2.76. I am assuming these options were issued in the past. I am also assuming that the insiders are exercising the options for stock and are using their own money. DO options have an expiry date ?Are my assumptions correct ?
Thx
Thx
5i Research Answer:
Yes; on rare cases a company might lend an insider money but for simple option exercise in small amounts this would be very rare. Typically, though not 100% always, options have a vesting period and an expiry date. Often, high insider activity occurs when options are about to expire.