Overview
- A Form 4 filed on Dec. 12 shows Kimbal Musk sold 56,820 Tesla shares on Dec. 9 for a weighted average price of $450.66.
- The transactions generated approximately $25.6 million in proceeds, with individual sale prices ranging from $450.44 to $450.90.
- The filing also records a gift of 15,242 shares to a donor‑advised fund, worth roughly $6.8 million at the execution price.
- Following the sale and donation, Kimbal Musk directly holds 1,376,373 Tesla shares, according to the filing.
- Tesla shares traded higher on Friday, last quoted by Benzinga at $451.62, as coverage noted that insider sales can occur for varied personal or financial reasons.