> ouldn't this be just the best time to sell his shares without significantly underming other investors? Well, he knows Musk. And if Musk is about to purchase

> ouldn't this be just the best time to sell his shares without significantly underming other investors? Well, he knows Musk. And if Musk is about to purchase everyone's shares for $54.20, it would be a horrible time. So if he sells at Twitter's current price, everyone will assume he heard from Musk the acquisition is off, and the price will plummet. Unless, of course, he sells the shares privately to Musk. It would leave Musk below the poison pill limit (I think), and the amount probably doesn't have to be disclosed then.