Jeff Lawson - 10 May 2021 Form 4 Insider Report for TWILIO INC (TWLO)

Signature
/s/ Karyn Smith as attorney in fact for Reporting Person
Issuer symbol
TWLO
Transactions as of
10 May 2021
Net transactions value
-$14,497,800
Form type
4
Filing time
12 May 2021, 17:12:51 UTC
Next filing
19 May 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWLO Class A Common Stock Conversion of derivative security $0 +49,500 +118% $0.000000 91,372 10 May 2021 By Lawson Revocable Trust F1
transaction TWLO Class A Common Stock Sale $912,893 -3,176 -3.5% $287.43 88,196 10 May 2021 By Lawson Revocable Trust F1, F2, F3
transaction TWLO Class A Common Stock Sale $1,556,643 -5,399 -6.1% $288.32 82,797 10 May 2021 By Lawson Revocable Trust F1, F2, F4
transaction TWLO Class A Common Stock Sale $1,124,550 -3,888 -4.7% $289.24 78,909 10 May 2021 By Lawson Revocable Trust F1, F2, F5
transaction TWLO Class A Common Stock Sale $1,941,497 -6,687 -8.5% $290.34 72,222 10 May 2021 By Lawson Revocable Trust F1, F2, F6
transaction TWLO Class A Common Stock Sale $1,790,547 -6,145 -8.5% $291.38 66,077 10 May 2021 By Lawson Revocable Trust F1, F2, F7
transaction TWLO Class A Common Stock Sale $1,161,838 -3,971 -6% $292.58 62,106 10 May 2021 By Lawson Revocable Trust F1, F2, F8
transaction TWLO Class A Common Stock Sale $1,110,472 -3,788 -6.1% $293.16 58,318 10 May 2021 By Lawson Revocable Trust F1, F2, F9
transaction TWLO Class A Common Stock Sale $1,044,246 -3,538 -6.1% $295.15 54,780 10 May 2021 By Lawson Revocable Trust F1, F2, F10
transaction TWLO Class A Common Stock Sale $446,661 -1,510 -2.8% $295.80 53,270 10 May 2021 By Lawson Revocable Trust F1, F2, F11
transaction TWLO Class A Common Stock Sale $1,133,161 -3,812 -7.2% $297.26 49,458 10 May 2021 By Lawson Revocable Trust F1, F2, F12
transaction TWLO Class A Common Stock Sale $351,798 -1,177 -2.4% $298.89 48,281 10 May 2021 By Lawson Revocable Trust F1, F2, F13
transaction TWLO Class A Common Stock Sale $1,923,494 -6,409 -13% $300.12 41,872 10 May 2021 By Lawson Revocable Trust F1, F2, F14
holding TWLO Class A Common Stock 130,291 10 May 2021 Direct F15

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 Class B Common Stock Conversion of derivative security $0 -49,500 -0.99% $0.000000 4,960,865 10 May 2021 Class A Common Stock 49,500 By Lawson Revocable Trust F1, F16
holding TWLO Class B Common Stock 1,033,205 10 May 2021 Class A Common Stock 1,033,205 By Lawson 2014 Irrevocable Trust F16, F17
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Erica Freeman Lawson and Jeffrey Gordon Lawson Trustees of the Lawson Revocable Trust dated 10/2/11.
F2 The sales reported were executed under the Reporting Person's 10b5-1 trading plan, dated as of 6/3/2020.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $286.8600 to $287.8450 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $287.8600 to $288.8100 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $288.8900 to $289.8800 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $289.9000 to $290.8600 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $290.9500 to $291.9300 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F8 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $292.0000 to $292.9300 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F9 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $293.0000 to $293.9800 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F10 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $294.3700 to $295.3500 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F11 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $295.3700 to $296.2300 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F12 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $296.8600 to $297.4400 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F13 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $298.2400 to $299.1900 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F14 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $300.0500 to $300.1800 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F15 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.
F16 Each share of Class B common stock is convertible into one share of Class A common stock at the option of the holder and has no expiration date.
F17 JP Morgan Trust Company of Delaware Trustee U/A 12/29/14 Lawson 2014 Irrevocable Trust.