Michael Montano - Dec 31, 2021 Form 4 Insider Report for TWITTER, INC. (TWTR)

Role
Engineering Lead
Signature
/s/ Sean Edgett, Attorney-in-Fact
Stock symbol
TWTR
Transactions as of
Dec 31, 2021
Transactions value $
$0
Form type
4
Date filed
1/4/2022, 08:10 PM
Previous filing
Dec 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWTR Common Stock Options Exercise $0 +30.2K +5.72% $0.00 558K Dec 31, 2021 Direct F1, F2
transaction TWTR Common Stock Other $0 +17.4K +3.12% $0.00 576K Dec 31, 2021 Direct F1, F2
transaction TWTR Common Stock Tax liability $0 -38.7K -6.73% $0.00 537K Dec 31, 2021 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TWTR Restricted Stock Unit Options Exercise $0 -30.2K -12.5% $0.00 211K Dec 31, 2021 Common Stock 30.2K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Michael Montano is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 These RSUs are vested pursuant to the Issuer's Change of Control and Involuntary Termination Protection Policy.
F2 Of the reported shares, 211,212 shares are represented by RSUs.
F3 The shares reported as disposed of were withheld by the Issuer in order to cover withholding taxes in connection with the vesting of restricted stock units, or RSUs. These shares were not issued to or sold by the Reporting Person.
F4 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Issuer Common Stock. The RSUs will vest based on the achievement of certain long-term performance targets through December 31, 2025, and within such period, subject to satisfying certain service based conditions.