Tesla CEO Elon Musk sold nearly 4.4 million shares of the company on Tuesday, according to regulatory bills published Thursday.
Musk, through Aaron Beckman, in his power of attorney, submitted a total of five Form 4s to the U.S. Securities and Exchange Commission to cover all 138 transactions.
The sale value of the disclosed papers is still close to $ 4 billion, according to TechCrunch.
The chief executive said on his Twitter account on Thursday: “No TSLA sales are scheduled for today”.
The papers do not show why Musk sold his shares, something he did to do. The money could go towards his controversial recent acquisitions on Twitter, however, with $ 4 million looking set to fall short of his $ 44 billion purchase.