Tesla’s (NASDAQ: TSLA) stock is a member of “Magnificient Seven,” which has experienced the least insider selling activity compared to the other six companies on this list.
Tesla’s chairwoman on the board of directors, Robyn Denholm, made the most recent trade on July 25. She offloaded approximately 200,200 TSLA shares at an average price of $220.2 per share for a total profit of $14.6 million.
Denholm also exercised Tesla stock options
Denholm also acquired Tesla shares by exercising options, amounting to $3,159,553 at a fixed price of $23.17 per share. These acquisitions involve non-qualified stock options from an equity award set to expire in August 2024.
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As a result of these transactions, Denholm’s ownership in Tesla has significantly changed, as reflected in the filing. However, the number of shares Denholm holds was not disclosed in the summary.
Tesla stock was relatively non-traded by insiders
Electric vehicle (EV) maker stock has not experienced notable insider selling activity in 2024, with only eight insider sales throughout the year.
Interestingly, of these eight insider sales, Denholm’s trades account for half of them, making her the most active TSLA stock insider. Over 480,000 shares were sold for a profit of approximately $66.5 million.
With a considerable profit gap, first place goes to the former senior vice president, Andrew Baglino, who, according to a July 25 SEC filing, sold shares in the electric vehicle company worth approximately $181.5 million.
The filing states that Baglino, who joined Tesla in 2006, is selling about 1.14 million shares, as the “approximate date of sale” is listed as April 25, and the transaction is described as an exercise of stock options.
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