Yes of course, but the point of the number analysis is that a lot more shares have been sold than were needed to raise money for the exercising. In other words, they are not holding on to the shares that are being exercised, at least it seems PC isn't.

$2.8 million was required by both PC & GT to exercise their in the money options (including PC's tax obligations at time of exercise)

$4.375 million has been the sell value out of 033