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05-10-2014, 01:17 AM
Twitter COO and Other Top Execs Sell Shares After Lockup Expires
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Twitter's cofounders and CEO may **t be in a rush to sell shares in the company, but the same can't be said of other top executives
Ali Rowghani, Twitter (http://mashable.com/category/twitter/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)'s chief operating ******r, sold 300,000 of his shares this week after Twitter's stock lockup period expired, according to a filing (https://investor.twitterinc.com/secfiling.cfm?filingid=1246360-14-2346&CIK=1418091). He made just under $10 million from the transaction.
See also: Twitter Is **t Doomed (http://mashable.com/2014/04/30/twitter-is-**t-doomed/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
Twitter's general counsel and VP of finance also sold shares this week, according to company filings.
The company's stock plummeted in recent days in part due to investor concerns over the lockup expiration, which allows insiders to offload shares in the company and significantly inflates the number of shares trading on the market Read more... (http://mashable.com/2014/05/09/twitter-execs-sell-shares/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
More about Twitter (http://mashable.com/category/twitter/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Stocks (http://mashable.com/category/stocks/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), and Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)http://feeds.feedburner.com/~r/Mashable/~4/xhmQbl6kw5I
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Twitter's cofounders and CEO may **t be in a rush to sell shares in the company, but the same can't be said of other top executives
Ali Rowghani, Twitter (http://mashable.com/category/twitter/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)'s chief operating ******r, sold 300,000 of his shares this week after Twitter's stock lockup period expired, according to a filing (https://investor.twitterinc.com/secfiling.cfm?filingid=1246360-14-2346&CIK=1418091). He made just under $10 million from the transaction.
See also: Twitter Is **t Doomed (http://mashable.com/2014/04/30/twitter-is-**t-doomed/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
Twitter's general counsel and VP of finance also sold shares this week, according to company filings.
The company's stock plummeted in recent days in part due to investor concerns over the lockup expiration, which allows insiders to offload shares in the company and significantly inflates the number of shares trading on the market Read more... (http://mashable.com/2014/05/09/twitter-execs-sell-shares/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
More about Twitter (http://mashable.com/category/twitter/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Stocks (http://mashable.com/category/stocks/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), and Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)http://feeds.feedburner.com/~r/Mashable/~4/xhmQbl6kw5I