Chee Chew - May 17, 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 17, 2021
Transactions value $
-$598,134
Form type
4
Date filed
5/19/2021, 06:16 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWLO Class A Common Stock Sale -$83.2K -284 -0.25% $293.08 111K May 17, 2021 Direct F1, F2, F3, F4
transaction TWLO Class A Common Stock Sale -$160K -537 -0.48% $297.42 111K May 17, 2021 Direct F1, F3, F5
transaction TWLO Class A Common Stock Sale -$41.5K -139 -0.13% $298.46 111K May 17, 2021 Direct F1, F3, F6
transaction TWLO Class A Common Stock Sale -$150K -500 -0.45% $299.47 110K May 17, 2021 Direct F1, F3, F7
transaction TWLO Class A Common Stock Sale -$77.3K -257 -0.23% $300.64 110K May 17, 2021 Direct F1, F3, F8
transaction TWLO Class A Common Stock Sale -$73.9K -244 -0.22% $303.06 110K May 17, 2021 Direct F1, F3, F9
transaction TWLO Class A Common Stock Sale -$12.8K -42 -0.04% $303.73 109K May 17, 2021 Direct F1, F3, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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

Explanation of Responses:

Id Content
F1 Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of Restricted Stock Units ("RSUs"). This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of minimum statutory tax withholding obligations to be funded by a "sell-to-cover" transaction and does not represent a discretionary sale by the Reporting Person.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $292.7600 to $293.3900 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.
F3 A portion of these shares represent RSUs. Each RSU represents a contingent right to receive one share of Issuer's Class A common stock.
F4 Includes 90 shares acquired by the Reporting Person pursuant to the Issuer's 2016 Employee Stock Purchase Plan on May 14, 2021.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $297.0000 to $297.9800 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.
F6 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $298.1100 to $299.0900 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 $299.1500 to $299.8600 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.
F8 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $300.4500 to $300.71 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 $302.5900 to $303.5100 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 $303.6300 to $303.8200 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.