Twitter cofounder Ev Williams unloads 1.85 mln shares

Evan Williams, one of Twitter Inc.'s cofounders, appears to have given about 1.85 million of his shares in the social media company to a foundation that then sold them, according to a regulatory filing on Tuesday. The sale, at an average price of $25.2527 per share, netted about $47 million, and the shares were held by the Sara & Evan Williams Foundation, the filing says. Williams remains Twitter's largest shareholder as he holds a nearly 7% stake worth more than $1 billion, according to FactSet data. He has unloaded shares before, such as in early August and in November 2014.

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