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

Signature
/s/ Karyn Smith as attorney in fact for Reporting Person
Stock symbol
TWLO
Transactions as of
May 10, 2021
Transactions value $
-$14,497,800
Form type
4
Date filed
5/12/2021, 05:12 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 Conversion of derivative security $0 +49.5K +118.22% $0.00 91.4K May 10, 2021 By Lawson Revocable Trust F1
transaction TWLO Class A Common Stock Sale -$913K -3.18K -3.48% $287.43 88.2K May 10, 2021 By Lawson Revocable Trust F1, F2, F3
transaction TWLO Class A Common Stock Sale -$1.56M -5.4K -6.12% $288.32 82.8K May 10, 2021 By Lawson Revocable Trust F1, F2, F4
transaction TWLO Class A Common Stock Sale -$1.12M -3.89K -4.7% $289.24 78.9K May 10, 2021 By Lawson Revocable Trust F1, F2, F5
transaction TWLO Class A Common Stock Sale -$1.94M -6.69K -8.47% $290.34 72.2K May 10, 2021 By Lawson Revocable Trust F1, F2, F6
transaction TWLO Class A Common Stock Sale -$1.79M -6.15K -8.51% $291.38 66.1K May 10, 2021 By Lawson Revocable Trust F1, F2, F7
transaction TWLO Class A Common Stock Sale -$1.16M -3.97K -6.01% $292.58 62.1K May 10, 2021 By Lawson Revocable Trust F1, F2, F8
transaction TWLO Class A Common Stock Sale -$1.11M -3.79K -6.1% $293.16 58.3K May 10, 2021 By Lawson Revocable Trust F1, F2, F9
transaction TWLO Class A Common Stock Sale -$1.04M -3.54K -6.07% $295.15 54.8K May 10, 2021 By Lawson Revocable Trust F1, F2, F10
transaction TWLO Class A Common Stock Sale -$447K -1.51K -2.76% $295.80 53.3K May 10, 2021 By Lawson Revocable Trust F1, F2, F11
transaction TWLO Class A Common Stock Sale -$1.13M -3.81K -7.16% $297.26 49.5K May 10, 2021 By Lawson Revocable Trust F1, F2, F12
transaction TWLO Class A Common Stock Sale -$352K -1.18K -2.38% $298.89 48.3K May 10, 2021 By Lawson Revocable Trust F1, F2, F13
transaction TWLO Class A Common Stock Sale -$1.92M -6.41K -13.27% $300.12 41.9K May 10, 2021 By Lawson Revocable Trust F1, F2, F14
holding TWLO Class A Common Stock 130K May 10, 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 -49.5K -0.99% $0.00 4.96M May 10, 2021 Class A Common Stock 49.5K By Lawson Revocable Trust F1, F16
holding TWLO Class B Common Stock 1.03M May 10, 2021 Class A Common Stock 1.03M 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.