Movement of Preferred Price Per Share vs. the Common Price Per Share A detailed look at the Preferred price per share for each of Twitter’s primary rounds of financing versus the Common price per share. The data used for this analysis was gathered from public filings that were filed by Twitter, Inc.

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Twitter’s Share Price Analysis
Movement of Preferred Price Per Share vs. the Common Price Per Share
The chart below is a representation of the Preferred price per share for each of Twitter’s primary rounds of financing versus the
Common price per share as filed for each increase to the company’s incentive pool. Also included is the Post-Money Valuation as
of the most recent primary rounds of financing that occurred on December 14, 2010 and July 26, 2011. The data used to build
this chart was gathered from public filings obtained and analyzed by VC Experts staff. Copies of the filings used for this analysis,
as well as more details of the financing rounds, are available in the Valuation & Deal Term Database at
https://vcexperts.com/vat/twitter-inc#/vat/companies/11898/general_information.
All of the pricing within the chart is reflective of the 3 forward splits that the company presented in filings on 05/19/2009,
05/07/2010, and 05/03/2011. The most recent filing for the Common Price Per Share was made on March 11, 2013.