It is unusual for CEO’s to buy their company stock on the open market.Why bother – when you can buy the stock at a much lower price by exercising stock options or stock grants?
But CEO’s often take the open market purchase route to send a message to investors.
Elon Musk’s Open Market Purchases: TSLA
Date: June 12, 2018 and June 13, 2018
Number of shares bought: 72,500
Price Range: $342 to $347
Final Holding: 33,737,921 shares
Approximate spending: $25 million
Transactions: Multiple
Date: May 7, 2018
Number of shares bought: 33,000
Price Range: $295 to $302
Final Holding: 33,665,421 shares
Approximate spending: $10 million
Transactions: Multiple
Date: August 19, 2015
Number of shares bought: 82,645
Price Range: $242
Final Holding: 28,371,342 shares
Approximate spending: $10 million
Transactions: Single
(Still digging through SEC filings. If you know the date/month of Elon’s open market TSLA purchase, please share it in the comments section. Thanks)
