Tesla's Musk completes options-related sales plan-filing
Add BT as a preferred source
[SAN FRANCISCO] Tesla chief executive Elon Musk on Tuesday (Dec 28) completed stock sales related to his options set to expire next year, according to securities filings.
"This rule 10b5-1 trading plan was completed on December 28, 2021," the filings said, referring to Musk's options-related sales set up in September via a trading plan.
The billionaire said on Dec 22 that he would meet his target of selling about 10 per cent of his stake in Tesla, when he is done with his "preprogrammed" sales.
"There are still a few tranches left, but almost done," he tweeted at that time.
Musk exercised an option on Tuesday to buy 1.6 million shares of Tesla and sold 934,090 shares for US$1.02 billion to pay for taxes associated with the option exercise, the filings showed.
With the latest transaction, he has exercised all of the options to buy 22.86 million stocks, which are set to expire next year, according to Reuters' calculation.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
