Tesla (TSLA, Financial) Chair, Robyn Denholm, exercised her stock options ahead of their expiration next year, purchasing 112,400 shares of Tesla. She subsequently sold these shares, totaling more than $35 million. After accounting for the cost of exercising the options, Denholm netted approximately $32.5 million. This transaction was pre-arranged in July.
Denholm became Tesla's chair in November 2018, succeeding Elon Musk as part of a settlement agreement with the U.S. Securities and Exchange Commission. This agreement followed allegations of securities fraud linked to Musk's 2018 claims regarding funding to take Tesla private.
