Khozema Shipchandler - May 7, 2021 Form 4 Insider Report for TWILIO INC (TWLO)

Role
Chief Financial Officer
Signature
/s/ Karyn Smith as attorney in fact for Reporting Person
Stock symbol
TWLO
Transactions as of
May 7, 2021
Transactions value $
-$771,936
Form type
4
Date filed
5/11/2021, 04:22 PM
Next filing
May 19, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWLO Class A Common Stock Options Exercise $247K +3.23K +3.7% $76.63 90.3K May 7, 2021 Direct F1
transaction TWLO Class A Common Stock Sale -$1.02M -3.23K -3.57% $315.99* 87.1K May 7, 2021 Direct F1, F2

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 TWLO Employee Stock Option (right to buy) Options Exercise $0 -3.23K -5.01% $0.00 61.2K May 7, 2021 Class A Common Stock 3.23K $76.63 Direct F3
holding TWLO Employee Stock Option (right to buy) 53.8K May 7, 2021 Class A Common Stock 53.8K $117.94 Direct F4
holding TWLO Employee Stock Option (right to buy) 18.1K May 7, 2021 Class A Common Stock 18.1K $377.59 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of Issuer's Class A common stock.
F2 The sales reported were executed under the Reporting Person's 10b5-1 trading plan, dated as of 9/7/2020.
F3 The shares subject to the stock option vest as follows: 25% of the stock option shall vest on November 1, 2019, and the remaining shares subject to the stock option shall vest in equal monthly installments over the following three years, subject to the Reporting Person's continued service to the Issuer through each vesting date.
F4 The shares subject to the stock option vest as follows: 33% of the stock option shall vest in equal quarterly installments between the first and second anniversaries of December 31, 2019, 33% of the stock option shall vest in equal quarterly installments between the second and third anniversaries of December 31, 2019 and 34% of the stock option shall vest in equal quarterly installments between the third and fourth anniversaries of December 31, 2019, subject to the Reporting Person's continued service to the Issuer through each vesting date.
F5 The shares subject to the stock option vest as follows: 33% of the stock option shall vest in equal quarterly installments between the first and second anniversaries of December 31, 2020, 33% of the stock option shall vest in equal quarterly installments between the second and third anniversaries of December 31, 2020 and 34% of the stock option shall vest in equal quarterly installments between the third and fourth anniversaries of December 31, 2020, subject to the Reporting Person's continued service to the Issuer through each vesting date.