Kimbal Musk - Apr 3, 2023 Form 4 Insider Report for Tesla, Inc. (TSLA)

Role
Director
Signature
By: Aaron Beckman, Power of Attorney For: Kimbal Musk
Stock symbol
TSLA
Transactions as of
Apr 3, 2023
Transactions value $
-$17,100,464
Form type
4
Date filed
4/5/2023, 08:01 PM
Previous filing
Jul 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction TSLA Common Stock +Options Exercise $2,473,000 +100,000 +6.22% $24.73 1,708,720 Apr 3, 2023 Direct F1
transaction TSLA Common Stock -Sell -$1,551,108 -8,046 -0.47% $192.78 1,700,674 Apr 3, 2023 Direct F1, F2
transaction TSLA Common Stock -Sell -$2,944,884 -15,186 -0.89% $193.92 1,685,488 Apr 3, 2023 Direct F1, F3
transaction TSLA Common Stock -Sell -$7,382,285 -37,909 -2.25% $194.74 1,647,579 Apr 3, 2023 Direct F1, F4
transaction TSLA Common Stock -Sell -$1,449,685 -7,410 -0.45% $195.64 1,640,169 Apr 3, 2023 Direct F1, F5
transaction TSLA Common Stock -Sell -$1,964,767 -9,982 -0.61% $196.83 1,630,187 Apr 3, 2023 Direct F1, F6
transaction TSLA Common Stock -Sell -$1,897,580 -9,588 -0.59% $197.91 1,620,599 Apr 3, 2023 Direct F1, F7
transaction TSLA Common Stock -Sell -$119,240 -600 -0.04% $198.73 1,619,999 Apr 3, 2023 Direct F1, F8
transaction TSLA Common Stock -Sell -$1,160,644 -5,800 -0.36% $200.11 1,614,199 Apr 3, 2023 Direct F1, F9
transaction TSLA Common Stock -Sell -$679,149 -3,379 -0.21% $200.99 1,610,820 Apr 3, 2023 Direct F1, F10
transaction TSLA Common Stock -Sell -$403,858 -2,000 -0.12% $201.93 1,608,820 Apr 3, 2023 Direct F1, F11
transaction TSLA Common Stock -Sell -$20,264 -100 -0.01% $202.64 1,608,720 Apr 3, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TSLA Non-Qualified Stock Option (right to buy) -Options Exercise $0 -100,000 -22.64% $0.00 341,750 Apr 3, 2023 Common Stock 100,000 $24.73 Direct F1, F12

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 8, 2022.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $192.280 to $193.270, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $193.290 to $194.280, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $194.290 to $195.280, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $195.290 to $196.270, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $196.310 to $197.280, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $197.390 to $198.340, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $198.400 to $199.210, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $199.530 to $200.520, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $200.570 to $201.480, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $201.630 to $202.520, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F12 This stock option award is a triennial equity award granted pursuant to the Issuer's 2010 Equity Incentive Plan and Outside Director Compensation Policy. 1/36th of the shares granted become vested and exercisable as of each monthly anniversary following June 18, 2018, such that all shares subject to the Option were fully vested and exercisable by June 18, 2021.