Let's make sure we are dealing with the facts (per K. Winkler):
The Form 4 transactions are the automatic sales of shares done according to Golden’s 10B5-1 plan. Our executives receive a portion of their compensation in restricted shares that vest over a three year period. Upon each vesting date, tax is due to the IRS on those vesting shares. These sales are executed automatically per the plan purely to fund these tax liabilities. Folks don’t seem to read the footnotes on these forms and believe officers outright sold small amounts of shares – this is not correct.
Clevenger sold 12,500 and retains 569,556 shares
Friedman sold 2,500 and retains 106,600
Vogels sold 3,500 and retains 161,831
Silverbull50 (sold zero and retains 90,000+)