House Speaker Nancy Pelosi recently disclosed securities transactions made in December by her husband Paul Pelosi, a businessman and private investor.
Paul Pelosi bought stock options in
(TSLA), and Walt
(DIS), and purchased shares of
(AB), all on Dec. 22. Speaker Pelosi disclosed the transactions in a form she filed last week with the Clerk of the House of Representatives.
Paul Pelosi and Speaker Pelosi’s office didn’t respond to requests for comment on the transactions.
Private investors conventionally aren’t obligated to disclose securities trades, but public officials, their spouses, and dependent children must report financial transactions valued at more than $1,000, typically within 30 days.
Paul Pelosi bought 100 call options for Apple stock. A call option allows an investor to purchase shares at a predetermined price and for a set amount of time. Typically, one options contract covers 100 shares. The strike price—the purchase price per share—on the options he bought is $100, and the options expire on Jan. 21, 2022. He paid a total of between $250,001 and $500,000 for the Apple call options. Specific values aren’t required for disclosure, only ranges.
Paul Pelosi bought 25 call options for shares of electric-vehicle giant Tesla with a strike price of $500 and an expiration date of March 18, 2022. He paid a total of between $500,001 and $1 million for the Tesla stock options.
He bought 100 call options for Disney stock with a strike price of $100 and an expiration date of Jan. 21, 2022. He paid between $500,001 and $1 million for the Disney stock options.
Paul Pelosi paid $500,001 to $1 million for 20,000 shares of global investment firm AllianceBernstein. The day that he bought AllianceBernstein stock it traded between a low of $33.14and a high of $33.66, before closing at $33.37.
Inside Scoop is a regular Barron’s feature covering stock transactions by corporate executives and board members—so-called insiders—as well as large shareholders, politicians, and other prominent figures. Due to their insider status, these investors are required to disclose stock trades with the Securities and Exchange Commission or other regulatory groups.