Tesla’s Chairwoman, Robyn Denholm, has filed to promote one other $30 million in Tesla inventory. She seems to be utterly liquidating her stake within the firm she chairs.
This morning, we famous {that a} Tesla insider made their first inventory buy in 5 years.
Aside from the small buy from Joe Gebbia disclosed final night time, Tesla executives and board members have completely exercised inventory choices and offered them immediately.
Robyn Denholm, Tesla’s Chairwoman, has been the highest vendor. She offered over $150 million value of Tesla shares over the past 6 months.
She has obtained over $600 million in inventory compensation since becoming a member of the board simply 10 years in the past, and he or she has offered over $500 million value.
At this time, she filed with the SEC to promote one other 112,390 Tesla shares value over $32 million:
It’s the third time within the final 3 months that she filed to promote a block of over 112,000 shares.
As of her final submitting, she had solely 85,000 shares left and 300,440 inventory choices expiring later this 12 months.
She has now liquidated most of her Tesla place.
Tesla shareholders sued Tesla board members, alleging they had been overcompensated, and the events finally agreed to return almost $1 billion in money and inventory choices to the corporate.
Electrek’s Take
I’d be stunned if Denholm remains to be on Tesla’s board by the tip of the 12 months. She appears like she is liquidating her place.
She did her job. That’s, should you agree with Musk’s job description for a chairperson: ineffective. Musk really stated that.
Denholm’s solely actual job was to financial institution these checks whereas letting Musk do no matter he needs after he was banned from the chairperson position because of SEC violations.
She might be remembered as the one that had the perfect likelihood to cease Musk from destroying the Tesla model and he or she did nothing.
