Tesla CEO Denholm sells $22 M in shares after exercising stock options

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Aug 5 - Tesla CEO Robyn Denholm sold more than $22 million in shares in the electric-car maker after exercising stock options, according to a filing with the U.S. Securities and Exchange Commission.

Denholm sold 31,250 shares at weighted average prices between $703 to $726.200 in transaction on Aug. 2, according to the filing of Wednesday.

Elon Musk joined Tesla's board as an independent director in 2014 and replaced Chief Executive Officer Denholm as Chair in 2018, fulfilling a demand by the SEC to strip the job from Musk.