Vaibhav Taneja - Aug 4, 2023 Form 4 Insider Report for Tesla, Inc. (TSLA)

Role
CFO and CAO
Signature
By: Aaron Beckman, Power of Attorney For: Vaibhav Taneja
Stock symbol
TSLA
Transactions as of
Aug 4, 2023
Transactions value $
-$971,120
Form type
4
Date filed
8/8/2023, 08:01 PM
Previous filing
Jul 11, 2023
Next filing
Sep 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSLA Common Stock Options Exercise $72.9K +4K +3.83% $18.22 109K Aug 4, 2023 Direct F1
transaction TSLA Common Stock Sale -$1.04M -4K -3.69% $261.00 105K Aug 4, 2023 Direct F1, F2

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 -4K -0.49% $0.00 813K Aug 4, 2023 Common Stock 4K $18.22 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 February 14, 2023.
F2 Out of the total of 4,000 shares sold, approximately 1,909 shares were sold to cover the exercise price of, and to satisfy the reporting person's tax withholding obligations related to the exercise of stock options to purchase 4,000 shares as reported herein.
F3 1/8th of the shares subject to the option became vested and exercisable on September 13, 2019, and an additional 1/48th of the shares subject to the option vested each month thereafter, so that all such shares subject to this option became fully vested on March 13, 2023.