Tesla China vice president Xiaotong “Tom” Zhu has filed to sell 15,000 shares of the electric vehicle maker worth approximately $4.86 million, according to a U.S. Securities and Exchange Commission filing published Thursday.
No other Tesla shares were sold by Zhu in the past three months, according to the SEC filing.
Tom Zhu has held the role of senior vice president of automotive at Tesla since April 2023.
He joined the company in 2014 and was later appointed vice president for Greater China, where he was responsible for the establishment of the company’s Gigafactory in Shanghai.
Tesla shares closed at $324.67 on Wednesday, putting the value of the proposed sale at about $4.86 million.
The sale adds to a series of insider sales at the EV maker this year.
In late May, two Tesla board members sold nearly $200 million worth of stock after exercising options.
Ira Ehrenpreis, who has served on Tesla’s board since 2007 and currently chairs the company’s Compensation and Nominating and Governance Committees, exercised options to acquire 477,572 shares.
They were then sold for a total value of approximately $162 million.
Kimbal Musk, Elon’s brother and also a board member, similarly exercised options to acquire 91,588 shares and sold them on the same day, with proceeds totaling about $31 million .
In February, Kimbal Musk had also sold 75,000 shares, worth around $27.6 million at the time, according to previous filings.
Alexandra Merz, one of the most well-known Tesla shareholders on X, wrote late Tuesday that the sale is “part of the settlement in the Police & Fire Retirement System of Detroit lawsuit.”
Tesla Chair Robyn Denholm separately filed to sell 112,930 shares beginning April 29 under a prearranged trading plan, with an estimated market value of $32.1 million.
That followed additional sales of 225,860 shares in March and over 112,000 shares in February, bringing her total reported sales for the period to approximately $76 million.
