Taneja Vaibhav 4

What Happened
Vaibhav Taneja, Tesla's Chief Financial Officer, had 6,538 restricted stock units vest on June 5, 2026 (reported as an exercise/conversion of a derivative) and those shares were issued then withheld/sold to cover tax withholdings. Separately, on June 8, 2026 he disposed of 2,605.5 shares in an open-market sale at $402.20 per share for proceeds of $1,047,924. The transactions are sales (routine liquidity / tax-related) rather than purchases.

Key Details

• Transaction dates and prices:
  • June 5, 2026: 6,538 shares vested (exercise/conversion of derivative) at $0.00 (reported as acquired and then disposed) — related to RSU vesting.
  • June 8, 2026: Open-market sale of 2,605.5 shares at $402.20 — proceeds $1,047,924.
• Holdings reported after the transactions:
  • 55,500 shares held directly by the reporting person in GRATs (reporting person is trustee).
  • 55,500 shares held directly by the reporting person’s spouse in GRATs (spouse is trustee).
• Notable footnotes:
  • F1/F4: The 6,538 shares were issued upon RSU vesting; vesting schedule is 1/16 initially and quarterly thereafter through Sept 5, 2028.
  • F2: Shares were automatically withheld and sold by Tesla to satisfy tax withholding obligations related to the RSU vesting (i.e., a cashless/withholding sale for taxes).
• Filing timeliness: Form filed June 9, 2026 for transactions on June 5 and June 8; the filing does not indicate a late report.

Context
The June 5 entries reflect RSU vesting and employer withholding/sale to cover taxes (common and not a directional buy signal). The June 8 open-market sale is a personal disposition of shares; sales can be routine (liquidity or tax planning) and do not alone indicate a change in view on the company.