In order to sell these shares, Taylor was required by corporate goverance to have approval to do so. At some point, he had to present this request to the board and a decision on if/when that sale would take place would need to be made. This could have been weeks before the actual sale took place on October 1st. With Oct 1st cooinciding with the start of Q4, I think it is safe to say that Poet wanted the sale pushed to the next Q.

I believe Taylor required the cash and the exact timing was out of his hands as a company decision likely took place to dictate the date of sale. It is my belief that this was a control event to provide Taylor with much needed funds and not a reactive or impulsive response on his part.