SpaceX President and Chief Operating Officer Gwynne Shotwell filed to sell 342,170 shares of the space and satellite company, a proposed transaction valued at nearly $52 million. The Form 144 filed with the Securities and Exchange Commission on Tuesday lists an aggregate market value of $51.96 million for the shares, implying a value of about $151.85 apiece, with Morgan Stanley Smith Barney listed as the broker and Sept. 22 given as the approximate date of sale on Nasdaq. Shotwell acquired the 342,170 common shares on Sept. 22 through the exercise of stock options, with the payment method listed as cash. The filing indicates the transaction is being made under a Rule 10b5-1 trading plan adopted on June 23, and states that Shotwell had no securities sales to report during the preceding three months. The proposed sale represents only a small fraction of the roughly 7.70 billion shares listed as outstanding in the filing, and the Form 144 was filed Sept. 22.
Space Exploration Technologies Corp. Class A Common StockSpaceX President Gwynne Shotwell filed to sell nearly $52M in SpaceX stock, a large insider share sale
Morgan Stanley
Nasdaq Inc