Robyn Denholm's $35 million stock sale was not due to rising shares but part of an automatic sales plan initiated in June, ensuring compliance with regulations.
Denholm's ascension to chair in November 2018 followed Elon Musk's SEC settlement, reflecting Tesla's need for stronger governance and operational compliance.
Following the stock sales, Denholm retained a significant number of options, totaling 1,662,480 shares, indicating her substantial financial stake and wealth.
The sale was executed through 12 trades on November 15, linking the option expiration date to a longer-term financial strategy rather than short-term market movements.
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