Tesla CEO Elon Musk has exercised the last of his stock options under a prearranged trading plan.
On Tuesday, Musk exercised an option to buy about 1.6 million Tesla shares, according to a regulatory filing. According to that filing and another document also filed on Tuesday, the billionaire also sold over 934,000 shares for $1.02 billion.
Musk’s stock sales will cover taxes on the exercise of the option under a prearranged trading plan set up in September. Tuesday’s filings confirmed that the “10b5-1 trading plan” was completed on December 28, 2021.
