Tesla (TSLA) director trust reports planned stock sales under 10b5-1

Rhea-AI Filing Summary

Trusts associated with Tesla director James R. Murdoch reported a series of automatic stock sales. On January 2, 2026, the JRM Revocable Trust, an entity through which Murdoch has indirect ownership, sold multiple blocks of Tesla common stock in open-market transactions, each coded as a sale.

The reported weighted average sale prices for these trades ranged from $435.360 to $458.150, with detailed price ranges disclosed in the footnotes. After these transactions, the JRM Revocable Trust was shown as beneficially owning 577,031 Tesla shares, and the Seven Hills Trust held an additional 157,275 shares, both reported as indirect holdings. The filing notes that the transactions were effected under a Rule 10b5-1 trading plan adopted on May 20, 2025.

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

X

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^*

MURDOCH JAMES R

(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		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

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	01/02/2026		S(1)		1,803	D	$435.865(2)	635,228	I	By JRM Rev. Trust
Common Stock	01/02/2026		S(1)		1,685	D	$437.2(3)	633,543	I	By JRM Rev. Trust
Common Stock	01/02/2026		S(1)		3,004	D	$438.188(4)	630,539	I	By JRM Rev. Trust
Common Stock	01/02/2026		S(1)		1,611	D	$439.234(5)	628,928	I	By JRM Rev. Trust
Common Stock	01/02/2026		S(1)		5,679	D	$440.172(6)	623,249	I	By JRM Rev. Trust
Common Stock	01/02/2026		S(1)		6,167	D	$441.158(7)	617,082	I	By JRM Rev. Trust
Common Stock	01/02/2026		S(1)		6,049	D	$442.242(8)	611,033	I	By JRM Rev. Trust
Common Stock	01/02/2026		S(1)		3,749	D	$443.293(9)	607,284	I	By JRM Rev. Trust
Common Stock	01/02/2026		S(1)		3,055	D	$444.326(10)	604,229	I	By JRM Rev. Trust
Common Stock	01/02/2026		S(1)		3,575	D	$445.273(11)	600,654	I	By JRM Rev. Trust
Common Stock	01/02/2026		S(1)		2,304	D	$446.403(12)	598,350	I	By JRM Rev. Trust
Common Stock	01/02/2026		S(1)		2,519	D	$447.441(13)	595,831	I	By JRM Rev. Trust
Common Stock	01/02/2026		S(1)		731	D	$448.282(14)	595,100	I	By JRM Rev. Trust
Common Stock	01/02/2026		S(1)		600	D	$449.515(15)	594,500	I	By JRM Rev. Trust
Common Stock	01/02/2026		S(1)		1,260	D	$450.515(16)	593,240	I	By JRM Rev. Trust
Common Stock	01/02/2026		S(1)		3,306	D	$451.617(17)	589,934	I	By JRM Rev. Trust
Common Stock	01/02/2026		S(1)		3,891	D	$452.624(18)	586,043	I	By JRM Rev. Trust
Common Stock	01/02/2026		S(1)		5,927	D	$453.515(19)	580,116	I	By JRM Rev. Trust
Common Stock	01/02/2026		S(1)		600	D	$454.619(20)	579,516	I	By JRM Rev. Trust
Common Stock	01/02/2026		S(1)		1,191	D	$455.951(21)	578,325	I	By JRM Rev. Trust
Common Stock	01/02/2026		S(1)		680	D	$457.142(22)	577,645	I	By JRM Rev. Trust
Common Stock	01/02/2026		S(1)		614	D	$457.877(23)	577,031	I	By JRM Rev. Trust
Common Stock								157,275	I	By Seven Hills Trust

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. The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 20, 2025.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $435.360 to $436.320, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $436.680 to $437.670, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $437.700 to $438.680, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $438.710 to $439.670, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $439.730 to $440.710, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $440.730 to $441.720, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $441.730 to $442.720, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $442.800 to $443.790, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $443.810 to $444.790, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $444.830 to $445.820, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

12. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $445.941 to $446.930, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

13. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $446.940 to $447.860, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

14. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $447.940 to $448.890, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

15. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $449.030 to $450.000, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

16. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $450.091 to $450.960, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

17. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $451.120 to $452.100, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

18. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $452.170 to $453.160, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

19. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $453.170 to $454.130, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

20. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $454.180 to $455.160, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

21. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $455.630 to $456.350, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

22. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $456.680 to $457.630, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

23. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $457.700 to $458.150, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

	By: Aaron Beckman, Power of Attorney For: James Murdoch	01/06/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider activity did Tesla (TSLA) report in this Form 4 filing?

The filing reports that trusts associated with director James R. Murdoch conducted multiple open-market sales of Tesla common stock on January 2, 2026. The trades are reported as indirect ownership transactions through the JRM Revocable Trust and a separate Seven Hills Trust holding.

Who is the reporting person in this Tesla (TSLA) Form 4 and what is their role?

The reporting person is James R. Murdoch, identified in the filing as a director of Tesla, Inc.. All reported transactions involve indirect ownership through trusts rather than direct personal holdings.

How many Tesla shares did the JRM Revocable Trust hold after the reported sales?

Following the reported transactions on January 2, 2026, the filing shows the JRM Revocable Trust beneficially owning 577,031 shares of Tesla common stock, reported as indirect ownership.

What is the Seven Hills Trust holding reported in this Tesla Form 4?

The Form 4 discloses an additional indirect holding of 157,275 Tesla shares by the Seven Hills Trust. This line is reported as a holding entry, not as a new purchase or sale transaction.

Were the Tesla stock sales by the Murdoch-related trust discretionary or under a plan?

The filing states that the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 20, 2025. Such plans are pre-arranged instructions for trading, designed to fit Rule 10b5-1(c) conditions.

At what prices were the Tesla shares sold in these insider transactions?

Each line item reports a weighted average sale price, with detailed ranges in the footnotes. Across the reported trades, the price ranges span from $435.360 at the low end to $458.150 at the high end, with separate ranges disclosed for each sale grouping.

Are the Tesla shares in this Form 4 held directly by James R. Murdoch?

No, the reported positions are shown as indirect ownership. The sales and holdings are attributed to entities labeled "By JRM Rev. Trust" and "By Seven Hills Trust" in the ownership column, rather than as directly held shares.