Andrew D. Baglino - 27 Jun 2023 Form 4 Insider Report for Tesla, Inc. (TSLA)

Role
SVP Powertrain and Energy Eng.
Signature
By: Aaron Beckman, Power of Attorney For: Andrew Baglino
Issuer symbol
TSLA
Transactions as of
27 Jun 2023
Net transactions value
-$2,347,369
Form type
4
Filing time
29 Jun 2023, 19:54:15 UTC
Previous filing
07 Jun 2023
Next filing
31 Jul 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 $139,888 +6,690 +10% $20.91 73,524 27 Jun 2023 Direct F1
transaction TSLA Common Stock Options Exercise $65,608 +3,810 +5.2% $17.22 77,334 27 Jun 2023 Direct F1
transaction TSLA Common Stock Sale $2,552,865 -10,500 -14% $243.13 66,834 27 Jun 2023 Direct F1

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 -6,690 -100% $0.000000* 0 27 Jun 2023 Common Stock 6,690 $20.91 Direct F1, F2
transaction TSLA Non-Qualified Stock Option (right to buy) Options Exercise $0 -3,810 -0.69% $0.000000 551,775 27 Jun 2023 Common Stock 3,810 $17.22 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 November 1, 2021.
F2 Represents part of a single option award grant, including Incentive Stock Options, initially for an aggregate 225,000 shares. 1/60th of the aggregate shares subject to the option became vested and exercisable on March 27, 2018 and 1/60th of the shares subject to the option become vested and exercisable on each monthly anniversary thereafter, so that all such shares subject to this award were fully vested on February 27, 2023.
F3 Represents part of a single option award grant, including Incentive Stock Options, initially for an aggregate 631,680 shares. 1/60th of the aggregate shares subject to the option became vested and exercisable on July 24, 2019 and 1/60th of the shares subject to the option become vested and exercisable on each monthly anniversary thereafter, so that all such shares subject to this award will be fully vested on June 24, 2024.