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Stock sales by executives is normally not a big deal, but 30% is a pretty large number, especially when TWTR is at a pretty depressed price at the moment. Then
by tsycho 10y ago
Stock sales by executives is normally not a big deal, but 30% is a pretty large number, especially when TWTR is at a pretty depressed price at the moment.
Then again, if he needed the cash, the low stock price increases the amount of stock he needed to sell.
- creaghpatr 10y agoHe could write off the loss for tax purpsoses. But I doubt that would make financial sense unless he thinks twitter is screwed. They could get bought out for a premium share price but who knows.
- benmanns 10y agoI don't think so. His shares likely have a basis of essentially $0, so he'll pay less taxes on the sale, but only because he's making less money. There's almost never a reason to turn down real income/growth to save a (less than 100%) percentage of that on taxes.
- deleted 10y ago[deleted]