Among other things, the cashless exercise of options does involve the sale of securities and therefore is subject to the policies set forth in this Statement.

以非现金形式行使的期权涉及证券的出售，因而须遵守本声明中所规定的政策。

youdao

The expectation (or hope) with these indirect stock buybacks is that the stock will move upwards because the shares oustanding goes down (or at least the buybacks offset the dilution from the exercise of options).

FORBES: Connect

Those were about the timing of the exercise of stock options by highly paid executives.

CNN: Zuck never has to pay taxes again

In light of the enormous one-time compensation deduction Facebook received upon the exercise of its options, however, certain Congressional leaders have begun calling for change.

FORBES: How The Tax Code Grew To 70,000 Pages: Dems Seek To Limit 'Facebook' Deduction for Stock Based Compensation