Robyn M. Denholm - Mar 12, 2024 Form 4 Insider Report for Tesla, Inc. (TSLA)

Role
Director
Signature
By: Aaron Beckman, Power of Attorney For: Robyn M. Denholm
Stock symbol
TSLA
Transactions as of
Mar 12, 2024
Transactions value $
-$14,268,505
Form type
4
Date filed
3/14/2024, 08:03 PM
Previous filing
Feb 23, 2024
Next filing
May 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction TSLA Common Stock Options Exercise $637 K +27.5 K +183.33% $23.17 42.5 K Mar 12, 2024 Direct F1
transaction TSLA Common Stock Options Exercise $1.53 M +66.2 K +155.78% $23.17 109 K Mar 12, 2024 Direct F1
transaction TSLA Common Stock Sale -$3.13 M -18.1 K -16.62% $173.06 90.6 K Mar 12, 2024 Direct F1, F2
transaction TSLA Common Stock Sale -$2.82 M -16.2 K -17.88% $173.96 74.4 K Mar 12, 2024 Direct F1, F3
transaction TSLA Common Stock Sale -$4.32 M -24.7 K -33.12% $175.16 49.8 K Mar 12, 2024 Direct F1, F4
transaction TSLA Common Stock Sale -$503 K -2.86 K -5.74% $175.84 46.9 K Mar 12, 2024 Direct F1, F5
transaction TSLA Common Stock Sale -$286 K -1.62 K -3.45% $176.81 45.3 K Mar 12, 2024 Direct F1, F6
transaction TSLA Common Stock Sale -$5.39 M -30.3 K -66.89% $177.77 15 K Mar 12, 2024 Direct F1, F7

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 -66.2 K -49.04% $0.00 68.8 K Mar 12, 2024 Common Stock 66.2 K $23.17 Direct F1, F8
transaction TSLA Non-Qualified Stock Option (right to buy) Options Exercise $0 -27.5 K -31.87% $0.00 58.8 K Mar 12, 2024 Common Stock 27.5 K $23.17 Direct F1, F8

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 automatically effected pursuant to a Rule 10b5-1 trading plan previously adopted on October 23, 2023 and established by the reporting person for the purpose of an orderly liquidation of options scheduled to expire in 2024.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $172.460 to $173.447, 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 $173.460 to $174.450, 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 $174.500 to $175.490, 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 $175.500 to $176.353, 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 $176.520 to $177.280, 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 $177.770 to $177.820, 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 This stock option award is an equity award granted pursuant to Tesla Inc's 2010 Amended and Restated Equity Incentive Plan and Outside Director Compensation Policy. 1/36th of the shares granted became vested and exercisable as of each monthly anniversary of August 18, 2017, such that all options subject to the award became fully vested and exercisable by August 18, 2020.