3% of his stock in recent days. A sixth of those shares were sold via a corporate "trading plan" - a legal agreement that allows insiders to trade in the company's shares at a pre-determined date - to satisfy tax obligations. The plan, adopted Sept. 14, pre-dated Musk's poll.
It's common for corporate insiders to pre-plan trades, although they can trade without the plan too. As such, Musk's sales via the plan are not unusual. However, the pre-planned sales raise the question of whether Musk had always intended to sell some stock for tax reasons, but said he was doing so at the behest of his followers.
POTUS VP StateDept DeptofDefense SecBlinken washingtonpost nytimes ABC humanrights1st UNHumanRights WhiteHouse SenateDems USSenate America should keep their promise to Evacuate_SIVs_P2Applicants from Afghanistan. Please_Evacuate_Afghan_SIV_and_P2_first
Only 5 It's insider trading on a massive scale. Price manipulation Personal benefit Possibly shared to others Profit from price manipulation Breach of SEC Rules
Shares down. I hope it will go back up.
nice