Converting from Class B -> Class A opens a position in Class A. Selling those Class A shares is still exiting a position in Class A. But you're definitely rig

Converting from Class B -> Class A opens a position in Class A. Selling those Class A shares is still exiting a position in Class A. But you're definitely right about the context! He merely converted some Class B shares (non-publicly traded with 10X voting rights) to Class A (publicly traded) in order to sell them.