If that's the case, then this really isn't a big deal. I guess what seems like a boatload of wealth to me might be a drop in the bucket for the elites of the MSM.
While I agree that the amount is minimal compared to his total holdings, I believe the form indicates that he dumped well over 95% of his options. That's assuming I am reading the form correctly (351,580 before and 10,080 after the transaction).
If this is correct, i think one can make a case that he is dumping his options, as their value is much more sensitive to stock price variations (depending on their strike price) than the underlying equities. If the strike price of the options were fairly close to the current market price, he would have much more powerful incentive to dump them ASAP than he would with his equity holdings. That's why I find this so damning. He knows / fears the stock is going to sink below his strike price and that it will probably be stuck there for a long time.
This smells very bad to me.