RE: 5m Share Options22 Oct 2020 15:31
That's not how options work! You effectively buy and sell them in the same transaction, so you don't need cash to exercise them.
That being said, I totally understand him wanting some cash, it's his company and he has to sell the shares at some point otherwise what's the point in having them! If anything I see this as positive news as he wouldn't be able to do this if bad news was incoming.