Khozema Shipchandler - 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 $
-$1,028,803
Form type
4
Date filed
5/19/2021, 06:17 PM
Previous filing
May 11, 2021
Next filing
May 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWLO Class A Common Stock Sale -$78.2K -267 -0.31% $293.05 86.8K May 17, 2021 Direct F1, F2, F3
transaction TWLO Class A Common Stock Sale -$37.1K -126 -0.15% $294.50 86.7K May 17, 2021 Direct F1, F3, F4
transaction TWLO Class A Common Stock Sale -$25.4K -86 -0.1% $295.45 86.6K May 17, 2021 Direct F1, F3, F5
transaction TWLO Class A Common Stock Sale -$186K -627 -0.72% $297.16 86K May 17, 2021 Direct F1, F3, F6
transaction TWLO Class A Common Stock Sale -$144K -483 -0.56% $298.01 85.5K May 17, 2021 Direct F1, F3, F7
transaction TWLO Class A Common Stock Sale -$232K -774 -0.91% $299.42 84.7K May 17, 2021 Direct F1, F3, F8
transaction TWLO Class A Common Stock Sale -$187K -621 -0.73% $300.33 84.1K May 17, 2021 Direct F1, F3, F9
transaction TWLO Class A Common Stock Sale -$49.7K -165 -0.2% $301.22 83.9K May 17, 2021 Direct F1, F3, F10
transaction TWLO Class A Common Stock Sale -$89.8K -296 -0.35% $303.48 83.6K May 17, 2021 Direct F1, F3, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $293.9100 to $294.6800 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 $294.9600 to $295.7400 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 $296.7100 to $297.6800 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 $297.7500 to $298.6365 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 $298.8900 to $299.8200 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.
F9 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $299.9200 to $300.8300 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 $301.1950 to $301.2400 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 $303.2600 to $303.6900 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.