Twitter Acquisition Litigation Verdict: Who Can Claim

The covered transactions are not all Twitter trades. The type of security and whether you bought or sold it matter.

• You must have sold publicly traded Twitter stock or call options, or bought Twitter put options, from May 13, 2022 through October 4, 2022.
• You must also have suffered damages from the violations found by the jury.
• Elon Musk and people who previously excluded themselves from the case are not included.

The transaction-reporting period on the claim form runs later than the Class Period. That information is used to calculate the claim under the notice’s rules.

• Complete and sign the Claim Form.
• List Twitter stock and option transactions and holdings from May 13, 2022 through October 27, 2022, in date order.
• Use the trade date—the date you made the contract—not the settlement or payment date.
• If more room is needed, add separate sheets with the requested information.

The notice says to attach records that show the listed Twitter stock and option transactions. It does not state that every claim lacking documents will automatically be denied.

• Examples include trade confirmations, emails from a bank or broker, and monthly, quarterly, or annual bank or broker statements.
• If you no longer have records, the notice says to seek copies or equivalent records from your bank or broker.
• The notice warns that missing suitable records can delay review or lead to rejection of the claim.

Submitting a claim is the only way to seek payment under this notice.

• Submit the completed, signed Claim Form online or mail it to the claims administrator.
• The deadline is November 24, 2026.
• Mailed claims go to: Twitter Acquisition Litigation, c/o Epiq Systems, Inc., ATTN: CLAIMS, PO Box 3015, Portland, OR 97208-3015.

A payment is not based on a flat amount per claimant. The calculation uses the jury’s daily figures and the claimant’s matched transactions. The Private Securities Litigation Reform Act (PSLRA) also limits certain short positions that were opened during the Class Period and remained open afterward.

• Transactions are matched using FIFO, meaning first in, first out.
• For stock sold during the Class Period, the calculation depends on whether the matched purchase was before, during, or after the Class Period.
• For call options, a similar approach applies separately to each option series. For put options, the calculation uses the option’s inflation amounts rather than deflation amounts.
• Certain Class-Period purchases and related sales can reduce damages to account for gains tied to deflation or inflation during the Class Period.

The notice describes a verdict, not a fixed per-person payment. It does not promise that every submitted claim will be approved or that a claimant will receive the example amount shown in the notice.

• A claim must be timely, valid, and approved.
• The amount is calculated under the Jury Verdict and Plan of Allocation, with interest.
• Any Court-awarded attorneys’ fees, expenses, and service awards reduce the class recovery, so a claimant’s final amount may be proportionally reduced.

Opting out means choosing not to be part of a class action. The notice says that option is no longer available here.

• You cannot leave, or opt out of, this case now.
• If you do nothing, you will not recover money through this claims process.
• Unless you previously opted out, you remain bound by the Court’s decisions and judgments in the case.

The notice does not give the hearing date or a calendar objection date yet. It says the filings and hearing date will be posted after the claims process.

• Class Counsel may seek fees of up to 31% of aggregate damages plus interest, as well as actual litigation expenses up to $5 million, excluding notice and claims-process costs.
• The Lead Plaintiffs may seek service awards totaling up to $150,000.
• A Class Member with a valid claim may object to proposed fees, expenses, or service awards up to 21 days before a hearing that the Court sets after the claims process.

The notice repeatedly identifies the case website as TwitterAcquisitionLitigation.com, but page 5 prints the electronic-file template path with “Acquistion” instead of “Acquisition.” That spelling conflict is preserved here rather than silently resolved.

If you have 50 or more transactions and need the electronic template, use the main case website or contact the Claims Administrator before relying on the conflicting printed path.