House Speaker Nancy Pelosi has divulged that her husband Paul Pelosi--who owns and operates Financial Leasing Services, Inc., a San Francisco-based real estate and venture capital investment and consulting firm--bought stock options in Apple, Tesla, and Walt Disney on December 22. He also purchased shares of AllianceBernstein Holding. The Speaker disclosed the transactions in a form she filed with the Clerk of the House of Representatives.
Paul purchased 100 call options for Apple stock with a stroke price of $100, paying between $250,001 and $500,000 for the options. He bought 25 call options for shares of Tesla with a strike price of $500, paying between $500,001 and $1 million for those options. He bought 100 call options for Disney stock with a strike price of $100 for between $500,001 and $1 million. Finally, he paid between $500,001 to $1 million for 20,000 shares of global investment firm AllianceBernstein.
Public officials, their spouses, and dependent children must report financial transactions valued at more than $1,000, typically within 30 days.
Despite being legal and properly filed, the purchases of the Tesla stock has raised eyebrows as Pelosi now has a financial interest in Tesla's success, even as she's poised to play a key role in passing the Biden administration's green initiatives, which should help the automaker.
Nancy and Paul have been married since 1963 and have amassed personal fortune of about $114 million.
