Twitter Co-Founder Evan Williams Steps Down From Company’s Board
Janko Roettgers
February 22, 2019 3:01PM PST
https://variety.com/2019/digital/news/ev-williams-twitter-board-stepping-down-1203146691/amp/
The departure doesn’t come as a complete surprise to anyone who has closely followed the company’s financials. Williams has been divesting much of his Twitter ownership recently, selling off around 8 million shares over the last three months alone, according to SEC filings.
Williams owned 29 million Twitter shares in April of 2018. By February of 2019, that number was down to around 11 million. This means that he now owns just around 1.5% of the company, based on outstanding shares, as opposed to 3.86% he held back in April of 2018.
Williams’ term on Twitter’s board was set to expire in 2021.