This is a possibility as they want their aim is to hold 16.6% of overall register.
However; I don't see any reason why Lion would sell yet as it would expose them to dilution if all/most options were exercised.
I think the current chart offers a strong opportunity for a Wyckoff spring to happen around 25. We can see volume tightening up leading to expiration of options.
Cheers all GLTAH and DYOR