Friday, December 15, 2017 10:15 PM ET
Significant Insider Selling in Shares of Twitter (TWTR) Continues
One Twitter insider Evan Clark Williams, Director, today, disposed of 546,300 shares having a market value of approximately $12,078,911, 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 3,508,800 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 4,055,100 shares and have averaged 1,013,775 shares per transaction over this time period.
The number of buy-sell trades for Twitter is close to that of the 11 member peer company average. The Social Media & Networking peer group saw 43 buy/sell trades during this period for an average of 3.9 transactions per company. However, the number of shares per buy/sell trade transacted by Twitter insiders is higher. Within the peer group there were 84,469 shares purchased and 6,839,764 shares sold with company insiders disposing of 157,100 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 creating and writing this story.
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