Vaibhav Taneja - 05 Sep 2023 Form 4 Insider Report for Tesla, Inc. (TSLA)

Role
Chief Financial Officer
Signature
By: Aaron Beckman, Power of Attorney For: Vaibhav Taneja
Issuer symbol
TSLA
Transactions as of
05 Sep 2023
Net transactions value
-$971,313
Form type
4
Filing time
07 Sep 2023, 19:39:15 UTC
Previous filing
08 Aug 2023
Next filing
11 Oct 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSLA Common Stock Options Exercise $72,880 +4,000 +3.8% $18.22* 108,504 05 Sep 2023 Direct F1
transaction TSLA Common Stock Sale $1,000,072 -4,000 -3.7% $250.02 104,504 05 Sep 2023 Direct F1, F2, F3
transaction TSLA Common Stock Options Exercise $0 +388 +0.37% $0.000000 104,892 05 Sep 2023 Direct F4
transaction TSLA Common Stock Sale $44,121 -177 -0.17% $249.62 104,716 06 Sep 2023 Direct F5

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 -4,000 -0.49% $0.000000 808,920 05 Sep 2023 Common Stock 4,000 $18.22 Direct F1, F6
transaction TSLA Restricted Stock Unit Options Exercise $0 -388 -50% $0.000000 388 05 Sep 2023 Common Stock 388 $0.000000 Direct F7
* 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 1,913 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $250.000 to $250.060, 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 Shares of the Issuer's common stock were issued to the reporting person upon the vesting of restricted stock units on September 5, 2023.
F5 PURSUANT TO THE ISSUER'S EQUITY PLAN AND POLICIES, THESE SHARES OF COMMON STOCK WERE AUTOMATICALLY WITHHELD AND SOLD BY THE ISSUER TO SATISFY THE REPORTING PERSON'S TAX WITHHOLDING OBLIGATIONS RELATED TO THE VESTING OF RESTRICTED STOCK UNITS REPORTED HEREIN.
F6 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.
F7 1/20th of the total restricted stock units initially subject to this award vested on March 5, 2019, and 1/20th of the total units initially subject to this award vest every three months thereafter, so that all such shares subject to this award will be fully vested by December 5, 2023.