Here is the takeway: "Mr. Rowghani has been selling Twitter shares heavily since May, when insiders were first allowed to sell after the company’s initial public offering in November. Last month, he sold 300,000 shares, worth about $10 million. And this month, he sold nearly 75,000 shares worth more than $2.5 million. He remains a major stockholder, however, owning about two million shares, according to his latest re…
"There was, in fact, a question at a recent “tea time” — bi-weekly employee meetings with top execs — about Rowghani’s large sale of his shares. Those in attendance told me that Rowghani got up and told the audience that he was not thrilled to answer the question, but noted that he wanted the money to give to research to battle a disease that took his father’s life. It was an emotional address, said those present." h…
Re: Twitter’s Chief Operating Officer Steps Down
#51I wonder why he didn't donate the shares directly, isn't that simpler for tax reasons?