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This document serves as a report filed with the SEC detailing changes in beneficial ownership of securities by a reporting person, in this case, Antonio J. Gracias, relating to Tesla Motors Inc.
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FORM 4 is a document required by the Securities and Exchange Commission (SEC) for reporting changes in ownership of securities by corporate insiders, including officers, directors, and large shareholders.
FORM 4 must be filed by directors, officers, and any shareholders who own more than 10% of a company’s stock.
To fill out FORM 4, insiders must provide details about their transactions, including the date of the transaction, the amount bought or sold, and the price per share. They must also indicate their relationship to the issuer and whether the transaction is a purchase or sale.
The purpose of FORM 4 is to provide transparency to the market regarding insider trading activities and to ensure compliance with securities regulations.
FORM 4 requires reporting of the insider's name, the relationship to the issuer, the date of the transaction, the number of shares bought or sold, the price of the transaction, and the ownership amount before and after the transaction.
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