Zhu Xiaotong 4

4 · Tesla, Inc. · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 3, 2026

Tesla SVP Zhu Xiaotong Exercises Options for 20,000 Shares

What Happened

Zhu Xiaotong, Senior Vice President at Tesla (TSLA), exercised stock options to acquire 20,000 common shares on March 31, 2026. The exercise price was $20.57 per share, for a total cash outlay of $411,400. The Form 4 also reports a simultaneous derivative disposition of 20,000 shares at $0.00 (see footnotes).

Key Details

Transaction date: 2026-03-31; filing date (Form 4): 2026-04-02 (appears timely within the standard two-business-day window).
Exercise (code M): 20,000 shares acquired @ $20.57 each = $411,400.
Derivative disposition (code M): 20,000 shares reported disposed @ $0.00 (no cash proceeds reported).
Shares held after transaction: not specified in the provided summary; filing notes the shares are held in Magical Blake Global Limited, a BVI entity for which the reporting person is the sole beneficial owner (Footnote F1).
Footnote on grant/vesting (F2): these options are part of prior awards covering 375,000 shares with monthly vesting schedules (some installments on 1/48th or 1/60th schedules and performance-based vesting for a portion).

Context

This was an option exercise (a form of acquiring shares), not an open-market purchase or sale. The paired $0.00 derivative disposition entry likely reflects an internal conversion/transfer related to the option exercise or entity-holding arrangement described in the footnote — the filing does not provide additional detail or cashless-sale proceeds.
The transaction appears tied to previously granted option awards and their monthly/ performance-based vesting schedule; such exercises are often routine as options vest.

Form 4

Period: 2026-03-31

SVP

Transactions

Exercise/Conversion
Common Stock
2026-03-31$20.57/sh+20,000$411,400→ 20,000 total
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2026-03-31−20,000→ 260,650 total
Exercise: $20.57Exp: 2028-08-20→ Common Stock (20,000 underlying)

Holdings

Footnotes (2)

[F1]The shares are held in Magical Blake Global Limited, a BVI entity, for which the Reporting Person is the sole beneficial owner.
[F2]Represents option awards granted with respect to 375,000 total shares initially, which vest as follows: (a) with respect to 150,000 shares subject to the options, 1/48th of such shares became vested and exercisable upon the Issuer's achievement of certain performance objectives set forth in the option agreements, and 1/48th of the shares become vested and exercisable on each monthly anniversary thereafter, and (b) with respect to 225,000 shares subject to the options, 1/60th of such shares became vested and exercisable on August 20, 2018, and 1/60th of the shares become vested and exercisable each month thereafter.

Signature

By: Aaron Beckman, Power of Attorney For: Xiaotong Zhu|2026-04-02

1 file