Parag Agrawal - Mar 1, 2022 Form 4 Insider Report for TWITTER, INC. (TWTR)

Role
Chief Executive Officer, Director
Signature
/s/ Sean Edgett, Attorney-in-Fact
Stock symbol
TWTR
Transactions as of
Mar 1, 2022
Transactions value $
-$487,213
Form type
4
Date filed
3/3/2022, 05:13 PM
Previous filing
Feb 3, 2022
Next filing
May 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWTR Common Stock Award $0 +13.9K +2.74% $0.00 521K Mar 1, 2022 Direct F1, F2
transaction TWTR Common Stock Tax liability -$245K -6.88K -1.32% $35.55 514K Mar 1, 2022 Direct F2, F3
transaction TWTR Common Stock Award $0 +13.8K +2.75% $0.00 514K Mar 1, 2022 Direct F2, F4
transaction TWTR Common Stock Tax liability -$243K -6.82K -1.33% $35.55 507K Mar 1, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported shares are represented by performance restricted stock units ("PRSUs") granted on April 12, 2020 and have vested based on the Company's achievement of certain performance targets over the last year that were set by the Compensation Committee for the performance period in the first quarter of 2020.
F2 Of the reported shares, 429,592 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 The reported shares are represented by PRSUs granted on April 8, 2021 to which one-third of the PRSUs shall vest on March 1, 2022, and two-thirds of the PRSUs shall vest 50% on March 1, 2023 and 50% on March 1, 2024, so long as the Reporting Person continues to be a service provider of the Issuer. The vesting of the PRSUs is based on the Company's achievement of certain performance targets over the last year that were set by the Compensation Committee for the performance period in the first quarter of 2021.