Tesla board member and Airbnb co-founder Joe Gebbia has purchased approximately 4,000 shares of Tesla stock, according to a recent regulatory filing. The shares, valued at slightly over $1 million, represent Gebbia’s entire current holdings in Tesla stock, totaling 4,111 shares.
While the purchase itself is modest—particularly when considering Gebbia’s significant personal wealth—the transaction is noteworthy because it is uncommon for Tesla board members to directly purchase the company’s stock outright, rather than obtaining them through gifted shares, exercising stock options, or converting derivative securities.
Historically, Tesla’s directors have typically either exercised stock options or sold holdings. For example, fellow board member James Murdoch recently acquired around 531,787 stock options in March, while Tesla Board Chair Robyn Denholm has divested tens of millions of dollars worth of her holdings over recent months. Denholm most recently sold approximately $32 million of Tesla stock, following similar substantial transactions in February and March, in excess of $43 million and $33.7 million respectively.
