Vaibhav Taneja - 31 Oct 2024 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
31 Oct 2024
Net transactions value
-$934,160
Form type
4
Filing time
04 Nov 2024, 19:08:51 UTC
Previous filing
28 Oct 2024
Next filing
13 Nov 2024
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% $18.22 109,032 01 Nov 2024 Direct F1
transaction TSLA Common Stock Sale $1,007,040 -4,000 -3.7% $251.76 105,032 01 Nov 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 +1,600 $0.000000 1,600 31 Oct 2024 Common Stock 1,600 $249.85 Direct F3
transaction TSLA Non-Qualified Stock Option (right to buy) Options Exercise $0 -4,000 -0.51% $0.000000 780,920 01 Nov 2024 Common Stock 4,000 $18.22 Direct F1, F4
transaction TSLA Non-Qualified Stock Option (right to buy) Award $0 +939,887 $0.000000 939,887 31 Oct 2024 Common Stock 939,887 $249.85 Direct F3
transaction TSLA Restricted Stock Unit Award $0 +104,610 $0.000000 104,610 31 Oct 2024 Common Stock 104,610 $0.000000 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.