Results for: Stock Sale

Former Tesla executive Drew Baglino has sold shares worth around $181.5 million, according to a SEC filing on Thursday. Baglino, a Tesla veteran who joined the company in 2006 as an engineer, had been among the four members of Tesla’s leadership team, alongside Elon Musk. Baglino resigned as senior vice president of powertrain and energy engineering last week, amid Tesla’s plans to lay off more than 10% of its global workforce. The sale of Baglino’s shares was part of a stock option exercise, and included about 1.1 million shares sold on April 25th. He had already exercised his stock options twice this year, selling shares worth about $4 million.

Salesforce CEO Marc Benioff has sold a significant portion of his company stock, according to a recent filing with the Securities and Exchange Commission (SEC). The transactions, which occurred on April 23, 2024, involved the sale of Salesforce common stock with a total value exceeding $4 million. Benioff sold shares at prices ranging from $271.33 to $276.21, with the total value of the sales amounting to approximately $4,108,442.

Salesforce Co-Founder and Chief Technology Officer of Slack, Parker Harris, has recently sold over $1.1 million worth of Salesforce shares to meet tax obligations. The sale is part of his regular financial planning and is not uncommon for corporate executives. Salesforce, a leader in customer relationship management software, continues to expand its services and remains a prominent player in the industry.

Salesforce Inc.’s CEO, Marc Benioff, recently sold $4,064,172 worth of company stock through a pre-established Rule 10b5-1 trading plan. This plan allows insiders to sell stocks automatically without facing insider trading allegations. The sales comprised multiple transactions ranging from $269.6091 to $272.3807 per share. Benioff still holds a substantial number of shares, with 10,000,000 shares held indirectly by the Marc Benioff Fund LLC.