Good question. Case play 10.3.3 Situation C talks about the exact scenario. In that case play, a technical foul is not called until A5 sprints onto the court during a live ball. The case doesn't make any mention that a technical should have been called prior to A5 running onto the floor.
The case plays that I recall which call a technical for "not all players returning at the same time" have always involved an advantage (for instance, A5 running off the bench to get an easy lay-up against unsuspecting Team B).
I think that #1 is the correct answer, but I will be interested to see other replies.
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