Twitter COO Ali Rowghani is among the executives who sold shares when a lockup on insider sales was lifted, cashing out part of his stake even with the stock near its all-time low.
Rowghani, among early shareholders banned from selling during the lockup, sold 300,000 shares of his stake for a profit of about $9.9 million, a regulatory filing showed.
Vijaya Gadde, the corporate counsel, and Luca Baratta, a VP of finance, also sold part of their stakes.
Their decision comes in contrast to other insiders, including CEO Dick Costolo and co-founders Evan Williams and Jack Dorsey, who pledged to hold on to their shares to signal a vote of confidence in the company.