I don't think RP would be selling any of his holdings at this price level. That would give him a breakeven.

The only reason why he may sell is if he suspects a negative ruling at the Marlman and other indicators tell him that success is a long way away if at all.

His options are another matter. He may not have the money right now to acquire the stock, don't forget he did buy some last year , I believe.

Also, he may have sufficient shares to achieve his goals, even without buying added shares. Many variable to consider.