Thursday, August 10, 2017 10:15 PM ET
Significant Insider Selling in Shares of Twitter (TWTR) Continues
One insider — Evan Clark Williams, Director — today, disposed of 273,300 shares of Twitter having a market value of approximately $4,417,638, as disclosed in a form 4 document filed with the SEC. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 2,699,903 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 2,973,203 shares and have averaged 743,301 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Twitter is greater than the 12-company peer group average. Social Media & Networking peer group saw 33 buy/sell trades during this period for an average of 2.8 transactions per company. The number of shares per buy/sell trade for Twitter insiders was also higher. Within the peer group there were 1,000 shares purchased and 2,836,907 shares sold with company insiders disposing of 85,937 shares on average.
To bring into focus significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated in data sourced to evaluate and write this story.
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