Source: Investing Published 07/30/2024, 02:02
Tesla (NASDAQ:TSLA) CEO Robin M. Denholm has recently been involved in a number of large stock transactions, as revealed in the company’s latest filing. Denholm sold a total of $14,597,628 worth of Tesla shares, with individual sale prices ranging from $216,721 to $223,472.
The transactions, which took place on July 25, 2024, involved the sale of Tesla (NASDAQ:TSLA) common stock across multiple price points. The weighted average sale prices are detailed in the margins, indicating that the shares were sold in multiple transactions within specific price ranges. For example, some shares were sold at prices between $216,690 and $216,790, while others were sold at prices between $223,410 and $223,500.
In addition to the sales, Denholm also acquired Tesla shares through the exercise of options, with the total value of these acquisitions being $3,159,553 at a fixed price of $23.17 per share. These transactions relate to non-qualified stock options that were part of a stock award set to expire in August 2024.
Following these transactions, Denholm’s ownership in Tesla has changed significantly, as shown in the post-transaction amounts listed in the filing. The exact number of shares Denholm now owns is not disclosed in the summary provided.
Investors often watch insider transactions to gain insight into the views of company executives on the value and prospects of the stock. However, it is important to note that there can be various reasons why insiders sell shares, and such transactions do not necessarily reflect a negative view of the company.
Detailed transactions and related footnotes can be found in the SEC filing, which provides complete information on the number of shares sold at each individual price within the range shown in the footnotes.
Tesla stock performance continues to be of interest to investors, with insider trading activity being one of the many factors that market participants may consider when analyzing a company’s financial health and future potential.
This article was translated with the help of an AI program after being reviewed by an editor. For more details, please refer to the terms and conditions of the article
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