Zachary Kirkhorn - Jun 5, 2023 Form 4 Insider Report for Tesla, Inc. (TSLA)

Role
Chief Financial Officer
Signature
By: Aaron Beckman, Power of Attorney For: Zachary J. Kirkhorn
Stock symbol
TSLA
Transactions as of
Jun 5, 2023
Transactions value $
-$2,411,797
Form type
4
Date filed
6/7/2023, 09:41 PM
Previous filing
May 8, 2023
Next filing
Jul 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSLA Common Stock Sale -$816K -3.75K -1.92% $217.69 192K Jun 5, 2023 Direct F1
transaction TSLA Common Stock Options Exercise $0 +648 +0.34% $0.00 192K Jun 5, 2023 Direct F2
transaction TSLA Common Stock Options Exercise $0 +2.72K +1.41% $0.00 195K Jun 5, 2023 Direct F2
transaction TSLA Common Stock Options Exercise $0 +13.5K +6.92% $0.00 209K Jun 5, 2023 Direct F2
transaction TSLA Common Stock Sale -$1.6M -7.4K -3.55% $215.51 201K Jun 6, 2023 Direct F3

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 Restricted Stock Unit Options Exercise $0 -648 -33.33% $0.00 1.3K Jun 5, 2023 Common Stock 648 $0.00 Direct F4
transaction TSLA Restricted Stock Unit Options Exercise $0 -2.72K -33.34% $0.00 5.45K Jun 5, 2023 Common Stock 2.72K $0.00 Direct F4
transaction TSLA Restricted Stock Unit Options Exercise $0 -13.5K -100% $0.00* 0 Jun 5, 2023 Common Stock 13.5K $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 sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on July 29, 2022.
F2 Shares of the Issuer's common stock were issued to the reporting person upon the vesting of restricted stock units on June 5, 2023.
F3 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.
F4 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 as of December 5, 2023.
F5 1/8th of the total restricted stock units initially subject to this award vested on December 5, 2019, and 1/16th of the total units initially subject to this award vest every quarter thereafter, so that all such shares subject to this award were fully vested on June 5, 2023.