Vaibhav Taneja - Oct 31, 2024 Form 4 Insider Report for Tesla, Inc. (TSLA)

Role
Chief Financial Officer
Signature
By: Aaron Beckman, Power of Attorney For: Vaibhav Taneja
Stock symbol
TSLA
Transactions as of
Oct 31, 2024
Transactions value $
-$934,160
Form type
4
Date filed
11/4/2024, 07:08 PM
Previous filing
Oct 28, 2024
Next filing
Nov 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSLA Common Stock Options Exercise $72.9K +4K +3.81% $18.22 109K Nov 1, 2024 Direct F1
transaction TSLA Common Stock Sale -$1.01M -4K -3.67% $251.76 105K Nov 1, 2024 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 Incentive Stock Option (right to buy) Award $0 +1.6K $0.00 1.6K Oct 31, 2024 Common Stock 1.6K $249.85 Direct F3
transaction TSLA Non-Qualified Stock Option (right to buy) Options Exercise $0 -4K -0.51% $0.00 781K Nov 1, 2024 Common Stock 4K $18.22 Direct F1, F4
transaction TSLA Non-Qualified Stock Option (right to buy) Award $0 +940K $0.00 940K Oct 31, 2024 Common Stock 940K $249.85 Direct F3
transaction TSLA Restricted Stock Unit Award $0 +105K $0.00 105K Oct 31, 2024 Common Stock 105K $0.00 Direct F5
* 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 May 1 2024.
F2 Out of the total of 4,000 shares sold, approximately 1,878 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 Represents part of a single option award grant, including Incentive Stock Options, initially for an aggregate 941,487 shares. 1/48th of the aggregate shares subject to the option shall became vested and exercisable on December 5, 2024, and 1/48th of the shares subject to the option shall become vested and exercisable each month thereafter, so that all such shares subject to this option will be fully vested on November 5, 2028.
F4 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.
F5 1/16 of the shares subject to the award will become vested on December 5, 2024 and 1/16th of the shares subject to the award shall become vested each quarter thereafter, until fully vested on September 5, 2028.