Zhu Xiaotong 4

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.