Thursday, September 14, 2017 10:15 PM ET
Insider Selling at Twitter (TWTR) Continues with Significant Sale
An insider — Evan Clark Williams, Director — disposed of 546,200 shares of Twitter having a market value of approximately $9,911,185 today, as revealed 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 1,902,700 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 2,448,900 shares and have averaged 612,225 shares per transaction over this time period.
Insider buy/sell trading at Twitter is greater than the 12 peer company average over the last 90-day period. The Social Media & Networking peer group saw 31 buy/sell trades during this period for an average of 2.6 transactions per company. The number of shares per buy/sell trade for Twitter insiders was also higher. Within the peer group there were 0 shares purchased and 2,730,005 shares sold with company insiders disposing of 88,065 shares on average.
Insider buying and selling activity that is significant has been determined by eliminating 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 in composing and writing this story.
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