Tesla board members, executive sell off over $100 million of stock in recent weeks.
Together, four top officers at the company have offloaded over $100 million in shares since early February.
Elon Musk's brother, Kimbal Musk, who also sits on the board, unloaded 75,000 shares worth approximately $27 million last month, according to a filing.
The chairman of the board, Robyn Denholm, has offloaded more than $75 million dollars worth of shares in two transactions in the past five weeks, federal filings show.
But the recent sales come at a tumultuous time for Tesla, with the stock falling nearly 50% from a peak in mid-December.
The share selloffs made by board members and executives totaled about $118 million, but the transactions often came after the individuals exercised stock options, the costs of which totaled about $16 million.
Tesla Chief Financial officer Vaibhav Taneja also sold off shares totaling more than $5 million over recent weeks. »
