Yes I believe you are right, he sold the 500 shares on Friday. So to summarize, he exercised his options on 125,000 shares and turned around and sold some of them (95,500) for a profit of $66,112. Of the 125,000 shares he still has 29,500 (125,000-95,500)which matches the amount quoted in your article. We will have to watch and see if he sells the rest or holds them, I am sure he has many more shares and options to play with.