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Tesla chair Denholm sells shares worth more than US$22 million

Tesla chair Denholm sells shares worth more than US$22 million

FILE PHOTO: The logo of car manufacturer Tesla is seen at a branch office in Bern, Switzerland October 28, 2020. REUTERS/Arnd Wiegmann

Tesla Inc chair Robyn Denholm sold more than US$22 million worth of shares in the electric-car maker after exercising stock options, according to a filing with the U.S. Securities and Exchange Commission (SEC).

Denholm sold 31,250 shares at weighted average prices ranging from US$703 to US$726.200 in transactions that took place on Aug. 2, according to the filing from Wednesday.

Denholm, who joined Tesla's board as an independent director in 2014, replaced Chief Executive Officer Elon Musk as the chair in 2018, fulfilling a demand by the SEC to strip the job from Musk.

(Reporting by Aishwarya Nair in Bengaluru; Editing by Sriraj Kalluvila)

Source: Reuters

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