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Twitter CEO Jack Dorsey Recently Bought $9.5 million in Company Stock

Twitter, Jack DorseyTwitter, Jack Dorsey
Twitter CEO Jack Dorsey Photograph by Yana Paskova—Bloomberg via Getty Images

Twitter Inc Chief Executive Jack Dorsey snapped up more than half a million of the company’s shares for about $9.5 million, a regulatory filing on Friday showed.

Dorsey bought 574,002 Twitter shares in multiple transactions at prices ranging between $16.47 and $16.74 per share, according to the filing.

That adds to the roughly $7 million worth of Twitter stock Dorsey bought earlier this year, bringing the total number of shares he has purchased this year to 1 million, the CEO said in a tweet.

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According to the filing, Dorsey now owns about 16 million Twitter shares, which equates to a stake of about 2.2 percent in the company he co-founded.

Dorsey’s disclosure comes a day after Twitter reported better-than-expected user growth for its first quarter, following several quarters of stalled growth.

Twitter’s shares rose 1 percent to $16.65 after the bell on Friday.

The stock closed up nearly 5 percent in regular trading on Friday, adding to a gain of roughly 8 percent on Thursday when the company reported its results.