Tesla CEO Elon Musk donated over 5 million TSLA shares to an undisclosed charity, according to a SEC Form 5 filed on Monday, February 14, 2022.
The filing reveals that Elon Musk donated approximately 5,044,000 TSLA shares worth about $4.42 billion, considering that Tesla stock is priced at $875.76 as of this writing. Based on the SEC filing, Elon Musk started donating the stocks on November 19, 2021, a time when over 5 million TSLA shares were worth roughly $5.74 billion.
The transaction code for the stock was filed under “G,” which stands for “Gift of securities by or to the insider” or “Bonafide gift.” Under “Explanation of Responses,” the filing reads: “Represent a bona fide gift of the Issuer’s common stock by the Reporting Person to charity.” The charity Elon Musk donated to was not revealed.
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