After selling a large chunk of these shares earlier in the year, Costolo’s family trusts sold the rest of these today. The sale netted him about $5.32 million.
The Twitter CEO still has 36,028 personal share under his name, as well as 509,828 restricted stock that hasn’t vested yet. Costolo owns more than 9 million shares total.
A Twitter spokesperson said that Costolo’s sales of TWTR stock over the last two months make up less than 10% of his total equity on the company.
TWTR stock is up 1.25% Wednesday afternoon. Twitter shares are down more than 44% YTD.
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