I’m only guessing at his game. Could be he’s scaring people, causing a dip which he shorts, either by exercising puts or outright selling short, then when the scare wears off and the stock turns bullish, he buys it back at another profit, and does the same thing again later. But I smell stock manipulation, and I’d just love for him to get caught at it.
Anyone who is scared by this level of selling is an idiot, and should put their money in CDs. As well, when major shareholders sell blocks of stock in public companies, they must tell the SEC - and the public - ahead of time.
I’m sure bozos does plenty of bad stuff. This is routine planned selling of a company’s largest shareholder over time.