Item 1.01. Entry into a Material Definitive Agreement.
On
• The Company will appointMr. Musk to the Company's Board of Directors (the "Board") to serve as a Class II director with a term expiring at the Company's 2024 Annual Meeting of Stockholders. • For so long asMr. Musk is serving on the Board and for 90 days thereafter,Mr. Musk will not, either alone or as a member of a group, become the beneficial owner of more than 14.9% of the Company's common stock outstanding at such time, including for these purposes economic exposure through derivative securities, swaps, or hedging transactions.
The foregoing summary of the Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Agreement, which is filed as Exhibit 10.1 and incorporated by reference.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (d) Election of Directors
The Board will appoint
Other than as described in Item 1.01, there are no arrangements or
understandings between
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 10.1 Letter Agreement, dated as ofApril 4, 2022 , amongTwitter, Inc. andElon Musk 104 Cover Page Interactive Data File (formatted as Inline XBRL).
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