Pursuits
Costolo’s Family Trusts Sell Half Their Twitter Stock
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Twitter Inc. Chief Executive Officer Dick Costolo’s family trusts halved their stake in the social network again, as the executive’s sales accelerate.
After the sale, the trusts have a quarter of the Twitter stock they held in early November. The Richard Costolo 2001 Living Trust and Lorin Costolo 2001 Living Trust, named for his wife, sold 141,730 shares in transactions on Dec. 1 for $5.68 million, according to a regulatory filing yesterday. The trusts now own 141,730 shares. On Nov. 3 and Nov. 17, the trusts sold 283,460 shares for $11.6 million, filings showed.