Several of the company’s directors and executives are sharing stock. Chairman Jack Dorsey is selling roughly .6 percent of the company and will own 4.3 percent after the offering — making his share worth around $434 million. Co-founder Evan Williams is selling 1.6 percent of the company and will own 10.4 percent after the offering. Williams will be worth just over $1 billion if the shares go at a median price of $18.50. CEO Dick Costolo will own 1.4 percent of the company after IPO.
I don't see any sign that anyone is selling stock... these numbers are all consistent with 13% dilution due to Twitter issuing new stock.
That page + the "Several of the company’s directors and executives are sharing stock" (sharing? These are shared shares as opposed to all those unshared shares) indicates not a lot of care went into the writeup.
I don't see any sign that anyone is selling stock... these numbers are all consistent with 13% dilution due to Twitter issuing new stock.