Elon Musk has completed his sale of Tesla (TSLA) shares, a process which started after the CEO asked his Twitter followers if he should sell 10% of his shares in the automaker.
On Tuesday night Musk exercised his final stock option on 1.554 million shares that were set to expire in August 2022.
According to the 10b5-1 regulatory filing, Musk also sold 934,090 shares for a total of $1.02 billion in order to pay taxes on the options.
Most importantly the filing also showed Musk is now done selling TSLA shares, with a footnote indicating “This Rule 10b5-1 trading plan was completed on December 28, 2021.”
Since his Twitter poll on November 6, Musk has exercised options on 22.862 million shares at an average price of $1,033.
In addition he has sold a total of 15.7 million shares at an average price of $1,043, falling slightly shy of the proposed 10% target (17 million).
When it is all said and done, Musk will pay the largest tax bill in American history of $13.8 billion on $29.2 billion of taxable income, according to an analysis by investment advisor Gary Black.
You can read the full regulatory filing below.000089924321049993-gen