George Hu - 17 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
17 May 2021
Net transactions value
-$1,339,219
Form type
4
Filing time
19 May 2021, 18:18:07 UTC
Next filing
24 May 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWLO Class A Common Stock Sale $194,070 -661 -0.65% $293.60 101,591 17 May 2021 Direct F1, F2, F3, F4
transaction TWLO Class A Common Stock Sale $379,827 -1,277 -1.3% $297.44 100,314 17 May 2021 Direct F1, F3, F5
transaction TWLO Class A Common Stock Sale $67,187 -225 -0.22% $298.61 100,089 17 May 2021 Direct F1, F3, F6
transaction TWLO Class A Common Stock Sale $371,233 -1,239 -1.2% $299.62 98,850 17 May 2021 Direct F1, F3, F7
transaction TWLO Class A Common Stock Sale $163,447 -544 -0.55% $300.45 98,306 17 May 2021 Direct F1, F3, F8
transaction TWLO Class A Common Stock Sale $100,588 -332 -0.34% $302.98 97,974 17 May 2021 Direct F1, F3, F9
transaction TWLO Class A Common Stock Sale $62,868 -207 -0.21% $303.71 97,767 17 May 2021 Direct F1, F3, F10
* 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 $293.3550 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.
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 89 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 $297.000 to $297.9900 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 $298.0300 to $298.9100 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 $299.0500 to $300.0200 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 $300.0900 to $300.7600 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 $302.4700 to $303.4600 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 $303.5500 to $303.7900 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.