Richard L. Dalzell - Jun 15, 2021 Form 4 Insider Report for TWILIO INC (TWLO)

Role
Director
Signature
/s/ Karyn Smith as attorney in fact for Reporting Person
Stock symbol
TWLO
Transactions as of
Jun 15, 2021
Transactions value $
-$510,420
Form type
4
Date filed
6/17/2021, 05:10 PM
Previous filing
May 18, 2021
Next filing
Jul 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 +1.5K +11.6% $0.00 14.4K Jun 15, 2021 Direct F1
transaction TWLO Class A Common Stock Sale -$510K -1.5K -10.39% $340.28 12.9K Jun 15, 2021 Direct F1, F2

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 Employee Stock Option (right to buy) Options Exercise $0 -1.5K -1.72% $0.00 85.5K Jun 15, 2021 Class B Common Stock 1.5K $3.86 Direct F3, F4
transaction TWLO Class B Common Stock Options Exercise $0 +1.5K $0.00 1.5K Jun 15, 2021 Class A Common Stock 1.5K Direct F4
transaction TWLO Class B Common Stock Conversion of derivative security $0 -1.5K -100% $0.00* 0 Jun 15, 2021 Class A Common Stock 1.5K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The sales reported were executed under the Reporting Person's 10b5-1 trading plan, dated as of 6/1/2020.
F3 The shares subject to the option vested in 36 equal installments commencing on March 25, 2014. The shares subject to the option are fully vested and exercisable by the Reporting Person.
F4 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.