Twitter co-founders, CEO to keep shares as lockup expiration looms

|By:, SA News Editor

CEO Dick Costolo, chairman/co-founder Jack Dorsey, and co-founder Evan Williams "have no current plans to sell any of their shares" ahead of Twitter's (TWTR +2.6%) May 5 lockup expiration. (8-K)

Williams owned 10.4% of Twitter following its IPO, Dorsey 4.3%, and Costolo 1.4%. Shares are down 45% from a post-IPO high of $74.73, but still up 58% from their $26 IPO price.