Twitter (TWTR) Said No Employee Stock Purchase Program from May 16, 2022

May 13, 2022 4:11 PM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Twitter (NYSE: TWTR) said as a result of the execution of the agreement involving the pending acquisition by an entity owned by Elon Musk, there will not be a new Employee Stock Purchase Program (ESPP) offering period beginning May 16, 2022 or in the future. Any current ESPP participant who is enrolled in the offering period that began on May 15, 2021 will have his or her accumulated ESPP contributions applied to the purchase of Twitter shares on May 16, 2022, and then cease participating in the ESPP after May 16, 2022

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Mergers and Acquisitions

Related Entities

Twitter, Definitive Agreement