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)