twitter inc twtr disclosed that chief financial officer ned segal sold 5000 shares in the social media company representing less than 1 of his holdings two days before elon musk went public with his buyout proposal in a form 4 filing late thursday twitter said that on april 12 segal sold 5000 shares in the open market at 4714 raising 235700 as part of a prearranged rule 10b51 trading plan adopted by segal the stock had traded that day in a range of 4444 to 4755 before closing down 54 at 4448 two days later tesla inc tsla technoking musk said he delivered a letter to twitter on april 13 containing a buyout bid of 5420 a share sending the stock up to an intraday high of 4850 on thursday before reversing course to close at 4508 after the sale of shares the form 4 filing showed that segal still owned 522129 twitter shares which would be valued at about 2354 million at thursdays closing price twitters stock has dropped 371 over the past 12 months while the sp 500 spx has gained 53