[Form 4] Tesla, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Snap Inc. (SNAP) — Form 4 insider activity

General Counsel Michael J. O’Sullivan disclosed the sale of 24,000 Class A shares on 31 Jul 2025 at a weighted-average price of $9.5663, totaling roughly $230 k in proceeds. The transaction was executed under a Rule 10b5-1 plan adopted 21 Nov 2024, indicating it was pre-scheduled rather than discretionary.

After the sale, O’Sullivan still holds 486,984 shares indirectly via a trust and 2,084,329 shares directly, so the disposition represents about 1 % of his reported holdings. No derivative trades were reported. Given the modest size relative to both his remaining stake and Snap’s public float, the filing appears routine with limited market impact.

Insights

Securities Analyst

TL;DR: Small, pre-planned insider sale; negligible impact on SNAP valuation.

The 24 k-share sale equals roughly $230 k, immaterial against Snap’s multi-billion-dollar market cap. Because it was executed under a Rule 10b5-1 plan, it carries minimal informational value about management’s view of the stock. O’Sullivan still controls ~2.57 M shares, so ownership alignment remains intact. I view the filing as neutral for valuation or sentiment.

Corporate Governance Expert

TL;DR: Form 4 shows adherence to 10b5-1 best practices; governance stance unchanged.

The use of a dated 10b5-1 plan and disclosure of weighted-average pricing demonstrate good compliance. The sale’s scale (≈1 % of holdings) is far below thresholds that typically raise governance concerns. There is no indication of policy violations or unusual timing. Overall, the event maintains a neutral governance impact.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Musk Elon

(Last) (First) (Middle)

C/O TESLA, INC.

1 TESLA ROAD

(Street)

AUSTIN TX 78725

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Tesla, Inc. [ TSLA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/03/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/03/2025		A(1)		96,000,000	A	$23.34(2)	96,000,000	D
Common Stock								410,794,076	I	By Trust(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This restricted stock award is granted pursuant to Tesla, Inc.'s 2019 Equity Incentive Plan and will be delivered upon termination or expiration of the waiting period (and any extension thereof) applicable under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. The restricted stock award will vest on August 3, 2027, subject to satisfaction of certain conditions.

2. Represents purchase price payable unconditionally upon vesting of this restricted stock award.

3. The Elon Musk Revocable Trust dated July 22, 2003, for which the Reporting Person is the trustee.

	By: Aaron Beckman by Power of Attorney For: Elon Musk	08/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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