Twitter CEO Dick Costolo Sells Even More TWTR Stock

Shares are down more than 40% YTD

Twitter (TWTR) CEO Dick Costolo’s family trusts have now sold all their TWTR stock.

TwitterAfter 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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Article printed from InvestorPlace Media, https://investorplace.com/2014/12/twitter-twtr-stock-2/.

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