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Alternatively, he could sell Twitter stock.
That would require him to take Twitter public again, for the record (that may well have been your meaning, but I'm clarifying because a lot of people aren't aware of this). The odds of a second Twitter IPO doing any kind of numbers is basically zero at this point. It's been a very public trainwreck for the last year. Might as well try to sell tickets on the Titanic after the iceberg hit.
Don't really know about the legislation wherever, but usually it's quite possible to trade part ownership in companies even if they're not publicly traded. That's what most companies in the world are like. I know I've owned unlisted stock.