TSLA Director Antonio Gracias exercises options and then sells them.
Options for 14,400 shares 'purchased' in two blocks. 7,200 at $29.79 and 7200 at $29.66.
$428,058 total cost
Sold into open market at $347.61 for one block and $348.84= $5,843,164 to him
- 428,056 cost to acquire
$5,415.108 profit or underpants
Common practice most officer's 'purchase' the heavily discounted stock options and then dump them the same day.
See Marc Benioff/Reed Hastings for a classic example of this scheme.
It's legal but should not be allowed after the close of the qtr imo. They already know the results of Q4 '18. Trading plans should be stopped during the quiet periods but they are allowed. All tied to overall compensation.
Naughty Jack dumped the remaining registered shares in Square on January 16th.
That only means that the shares he had registered to sell are now all gone. It does not mean he has none left.
Dorsey, Jack 103,035 shares at $66/sh
total of $6,800,310
found the trader pepe..thanks to maker