Elon Musk’s more youthful brother sells Tesla shares truly worth $25.6 million

Board member Antonio Gracias in the meantime offered 150,747 Tesla shares, leaving him with a immediate holding of 2,545. On the other hand, he replaced these with new long positions via lengthy-dated get in touch with solutions, also regarded as Prolonged-phrase Fairness Anticipation Securities, better regarded as LEAPs. Gracias acquired about 150,000 get in touch with options expiring in June 2022 and 2025 with exercise prices of $52.38 and $68.56. He also indirectly owns 1.3 million Tesla shares by means of AJG Advancement Fund.

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