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$875,000 in shares is a lot of money and something I'd consider "show of support"

by Killswitch 11y ago

pbreit 11y ago
The guy is a multi-billionaire. $900k would be like $100 for most of us here: nothing.
- jonknee 11y ago
  A billionaire on paper, mostly in Twitter stock (which means he has lost a lot of that paper wealth lately) and in Square which hasn't had an IPO yet. It's not a giant move, but a $900k insider purchase is fairly big.
  - x0x0 11y ago
    Jack has probably half a billion dollars of non square, non twitter assets. Hell, merely post ipo he's sold almost 20m shares of twitter -- even at a stock price of just $30, that's $600e6 before taxes. And he's certainly had the ability to take cash before ipo in both twitter and square. https://finance.yahoo.com/q/it?s=TWTR+Insider+Transactions https://finance.yahoo.com/q/it?s=TWTR+Insider+Transactions
    - jonknee 11y ago
      I would imagine he sold a lot of stock to pay for taxes after the Twitter IPO.
      - x0x0 11y ago
        I may have misinterpreted the above webpage; I'll try to update tonight. Either way, he should have been taxed at ltcg, so at most 20%.
        jonknee 11y ago
        http://www.sec.gov/cgi-bin/own-disp?action=getowner&CIK=0001590945 http://www.sec.gov/cgi-bin/own-disp?action=getowner&CIK=0001... He started out with 22,203,018 shares and before the latest purchase had 21,888,416 shares, for a total of 314,602 sold shares (or a mere 1.4%). If anything that's a surprisingly little amount of shares sold considering it is the bulk of his net worth. Note that he's a billionaire if you count the equity in Square, his Twitter holdings come out to $645M (counting a cool $54 net gain on his TWTR holdings today!).
        x0x0 11y ago
        thanks Though he almost certainly got cash before too -- DST bought $800m of shares in 2011: half new shares, half from founders and employees http://www.mercurynews.com/wiretap/ci_18596988?source=rss http://www.mercurynews.com/wiretap/ci_18596988?source=rss plus he had 23.4mm shares pre-ipo http://www.businessinsider.com/the-folks-cash-flushed-from-twitters-ipo-2013-10 http://www.businessinsider.com/the-folks-cash-flushed-from-t... And why would he have to sell shares during the ipo? As far as I understand, he should have had virtually no expenses, assuming he (as all founders should) did an 83b election early on.

$875,000 in shares is a lot of money and something I'd consider "show of support"

pbreit 11y ago

The guy is a multi-billionaire. $900k would be like $100 for most of us here: nothing.

jonknee 11y ago
A billionaire on paper, mostly in Twitter stock (which means he has lost a lot of that paper wealth lately) and in Square which hasn't had an IPO yet. It's not a giant move, but a $900k insider purchase is fairly big.
- x0x0 11y ago
  Jack has probably half a billion dollars of non square, non twitter assets. Hell, merely post ipo he's sold almost 20m shares of twitter -- even at a stock price of just $30, that's $600e6 before taxes. And he's certainly had the ability to take cash before ipo in both twitter and square. https://finance.yahoo.com/q/it?s=TWTR+Insider+Transactions https://finance.yahoo.com/q/it?s=TWTR+Insider+Transactions
  - jonknee 11y ago
    I would imagine he sold a lot of stock to pay for taxes after the Twitter IPO.
    - x0x0 11y ago
      I may have misinterpreted the above webpage; I'll try to update tonight. Either way, he should have been taxed at ltcg, so at most 20%.
      - jonknee 11y ago
        http://www.sec.gov/cgi-bin/own-disp?action=getowner&CIK=0001590945 http://www.sec.gov/cgi-bin/own-disp?action=getowner&CIK=0001... He started out with 22,203,018 shares and before the latest purchase had 21,888,416 shares, for a total of 314,602 sold shares (or a mere 1.4%). If anything that's a surprisingly little amount of shares sold considering it is the bulk of his net worth. Note that he's a billionaire if you count the equity in Square, his Twitter holdings come out to $645M (counting a cool $54 net gain on his TWTR holdings today!).
        x0x0 11y ago
        thanks Though he almost certainly got cash before too -- DST bought $800m of shares in 2011: half new shares, half from founders and employees http://www.mercurynews.com/wiretap/ci_18596988?source=rss http://www.mercurynews.com/wiretap/ci_18596988?source=rss plus he had 23.4mm shares pre-ipo http://www.businessinsider.com/the-folks-cash-flushed-from-twitters-ipo-2013-10 http://www.businessinsider.com/the-folks-cash-flushed-from-t... And why would he have to sell shares during the ipo? As far as I understand, he should have had virtually no expenses, assuming he (as all founders should) did an 83b election early on.