It's clear from what he's saying that Automattic once OWNED the trademarks, but transferred those trademarks to the WordPress Foundation, and thus Automattic is NO LONGER THE OWNER of said trademarks.
What Automattic has is an exclusive license to use and sell the commercial licenses of the trademark.
Automattic owned 100% of the WordPress trademarks. Automattic's "Consideration" was to give all the non-commercial use of those trademarks to the WordPress Foundation.
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It's clear from what he's saying that Automattic once OWNED the trademarks, but transferred those trademarks to the WordPress Foundation, and thus Automattic is NO LONGER THE OWNER of said trademarks.
What Automattic has is an exclusive license to use and sell the commercial licenses of the trademark.
I don't think that's clear.