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Musk sold another 934000 Tesla shares, worth $930 million

Share the news to friends and circles of friends with wechat scanning QR code < / P > < p > on November 16. According to the filing documents released by the U.S. Securities and Exchange Commission (SEC) on Monday, local time, Elon Musk, CEO of Tesla, sold 934091 Tesla shares, valued at $930 million, to fulfill the withholding tax obligations related to the exercise of stock options < p > on the 15th local time, musk continued to exercise the option, purchased 2.1 million Tesla shares at the price of US $6.24 per share, and sold 934091 of them. Tesla shares closed at $1013.39 a share. Musk is required to pay income tax on the difference between the exercise price and the fair market value of the stock < p > this is Musk's second recent exercise of stock options. Last Monday, after buying nearly 2.2 million Tesla stock options, he sold 934000 shares for $1.1 billion < p > according to the filing document, these two options related transactions were carried out through a pre-determined trading plan in September, which allows insiders to establish a pre-sale plan according to the plan < p > according to a Tesla document, musk has the right to purchase 22.86 million stock options by the end of 2020, which will expire in August next year < p > < / P > < p > on November 6, musk launched a poll on Twitter to ask fans for their views on selling 10% of Tesla shares. After gaining the support of most people, musk began to sell shares, leading to the continuous decline of Tesla's share price. It is unclear how these trading plans relate to Musk's Twitter poll. (small) < / P > < p >


2023-03-22 10:04:46

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