Musk Elon sold SPCX
June 15, 2026 · Form 4 insider transaction
Musk Elon sold 5,002,400 shares of Space Exploration Technologies Corp. at $0.00 per share, a transaction worth N/A. The trade was recorded as conversion of a derivative and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
Upon the completion of the Issuer's initial public offering, each share of Series A Preferred Stock and Series B Preferred Stock automatically converted into 50 shares of the Issuer's Class B Common Stock. The Series A Preferred Stock and Series B Preferred Stock had no expiration date.; Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of the Issuer's Class A Common Stock and has no expiration date. In addition, subject to certain exceptions and pursuant to the terms of the Issuer's certificate of formation, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any sale or certain transfers of such share of Class B Common Stock.