4 ms·

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 22,203,0

by 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.