Approval for insider repricing still has to be voted on at the AGM. But I kind of think they announced this now ahead of OFC for a reason. Initially I was of the opinion that this was clearly an act of springboarding options. But since it is left up to shareholders and not management to approve this avoids that pitfall.

I know the optics suck badly but I do think the intent to retain key employees who you would never want to leave to competing companies is real.