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Zhu Xiaotong becomes one of Tesla’s most important employees: stock trading disclosure

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2023-05-31 10:10:251385browse

News on May 24, according to the editor’s understanding, Tesla Senior Vice President Zhu Xiaotong recently conducted a stock transaction and purchased an additional 339,060 shares of TSLA stock. Record Form 4 was filed with the SEC to prove that the transaction was completed.

According to the Form 4 document, Zhu Xiaotong received two batches of stock options, including 2,775 shares as incentive stock options and 336,285 shares as non-qualified stock options. Both transactions occurred on May 18, 2023.

Considering that Tesla’s closing price on Tuesday was US$185.77 per share, based on today’s stock price, the 339,060 shares purchased by Zhu Xiaotong are worth approximately US$62.98 million. The SEC noted on its official website that the "A" trading code in the Form 4 filing means the shares were "granted, awarded or otherwise acquired."

Zhu Xiaotong becomes one of Tesla’s most important employees: stock trading disclosure

The document also explains that “1/48 of the total number of shares subject to options will vest and become exercisable on May 19, 2023, and each month thereafter , 1/48 of the total number of shares subject to options will vest and be exercisable. All shares will be fully vested as part of the options in April 2027.

Reports earlier this year showed that Zhu Xiaotong was Tesla's status has been rising. Zhu Xiaotong is one of the key figures in Tesla China's best performance. He has made important contributions to Tesla China's efficiency and effectiveness. According to Tesla's filing with the U.S. Securities and Exchange Commission According to the document, Zhu Xiaotong started serving as Tesla's senior vice president of automotive business in April this year. He previously served as Tesla's global vice president and president of Greater China, and played an important role in the construction of the Shanghai Gigafactory.

The stock transaction makes Zhu Xiaotong one of Tesla’s most important employees, along with three other senior executives including CEO Elon Musk Musk, Chief Financial Officer Zachary Kirkhorn, and Senior Vice President of Power Systems and Energy Engineering Andrew Baglino Baglino). It was previously reported that Zhu Xiaotong was introduced to China to help expand the production capacity of the Gigafactory Texas, which produces Model Y and Cybertruck.


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