On the 10-25 presentation shares outstanding are 32,980,842.  Warrants 3,466,868 which is now dated and options 4,772,388.  If insiders sold 3mil + shares then what are they going to do with the cash?  Put it in the bank??  I don't thing they are that stupid.  My guess is they would buy their options and use the proceeds left over to pay the taxes there by breaking almost even.  That would be non-dilutive.  The total shares outstanding would remain the same.

This is probably what happened.  That is why earnings has been delayed so they could present the details to the shareholders in the conference call?  What sat ye ?