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Costolo’s Family Trusts Sell Remaining Twitter Stock

Twitter Inc. Chief Executive Officer Dick Costolo’s family trusts have sold off the last shares of the company he leads.

The Richard Costolo 2001 Living Trust and Lorin Costolo 2001 Living Trust, named for his wife, sold 141,730 Twitter shares on Dec. 15 for $5.32 million, according to a filing, wrapping up a series of sales that began last month. The trusts, which no longer own any Twitter stock, had earned $17.3 million from prior sales of 425,190 shares of the microblogging service, filings show.