Jeff Lawson - Jun 21, 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
Jun 21, 2021
Transactions value $
-$17,780,674
Form type
4
Date filed
6/23/2021, 04:37 PM
Previous filing
May 19, 2021
Next filing
Jul 2, 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 +43.5K +96.59% $0.00 88.6K Jun 21, 2021 By Lawson Revocable Trust F1
transaction TWLO Class A Common Stock Sale -$306K -866 -0.98% $353.83* 87.8K Jun 21, 2021 By Lawson Revocable Trust F1, F2, F3
transaction TWLO Class A Common Stock Sale -$1.51M -4.26K -4.85% $354.90* 83.5K Jun 21, 2021 By Lawson Revocable Trust F1, F2, F4
transaction TWLO Class A Common Stock Sale -$1.55M -4.37K -5.23% $355.89* 79.1K Jun 21, 2021 By Lawson Revocable Trust F1, F2, F5
transaction TWLO Class A Common Stock Sale -$3.67M -10.3K -13% $356.97* 68.8K Jun 21, 2021 By Lawson Revocable Trust F1, F2, F6
transaction TWLO Class A Common Stock Sale -$1.4M -3.92K -5.69% $357.78* 64.9K Jun 21, 2021 By Lawson Revocable Trust F1, F2, F7
transaction TWLO Class A Common Stock Sale -$1.29M -3.6K -5.54% $358.93* 61.3K Jun 21, 2021 By Lawson Revocable Trust F1, F2, F8
transaction TWLO Class A Common Stock Sale -$1.44M -3.99K -6.5% $360.05* 57.3K Jun 21, 2021 By Lawson Revocable Trust F1, F2, F9
transaction TWLO Class A Common Stock Sale -$3.36M -9.3K -16.22% $360.99* 48K Jun 21, 2021 By Lawson Revocable Trust F1, F2, F10
transaction TWLO Class A Common Stock Sale -$622K -1.72K -3.58% $361.83* 46.3K Jun 21, 2021 By Lawson Revocable Trust F1, F2, F11
transaction TWLO Class A Common Stock Sale -$726K -2K -4.32% $363.08* 44.3K Jun 21, 2021 By Lawson Revocable Trust F1, F2, F12
transaction TWLO Class A Common Stock Sale -$655K -1.8K -4.06% $363.93* 42.5K Jun 21, 2021 By Lawson Revocable Trust F1, F2, F13
transaction TWLO Class A Common Stock Sale -$231K -634 -1.49% $365.13* 41.9K Jun 21, 2021 By Lawson Revocable Trust F1, F2, F14
transaction TWLO Class A Common Stock Sale -$60.8K -166 -0.4% $366.19* 41.7K Jun 21, 2021 By Lawson Revocable Trust F1, F2, F15
transaction TWLO Class A Common Stock Sale -$955K -2.6K -6.23% $367.43* 39.1K Jun 21, 2021 By Lawson Revocable Trust F1, F2
holding TWLO Class A Common Stock 124K Jun 21, 2021 Direct F16

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 -43.5K -0.88% $0.00 4.92M Jun 21, 2021 Class A Common Stock 43.5K By Lawson Revocable Trust F1, F17
holding TWLO Class B Common Stock 1.03M Jun 21, 2021 Class A Common Stock 1.03M By Lawson 2014 Irrevocable Trust F17, F18
* 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 effected pursuant to a 10b5-1 trading plan adopted on 6/3/2020 by the Reporting Person.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $353.25 to $354.12 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 $354.27 to $355.175 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 $355.28 to $356.27 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 $356.41 to $357.39 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 $357.46 to $358.32 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 $358.47 to $359.43 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 $359.51 to $360.5 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 $360.52 to $361.5 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 $361.53 to $362.5 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 $362.57 to $363.37 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 $363.61 to $364.48 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 $364.92 to $365.62 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 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $365.97 to $366.205 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.
F16 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.
F17 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.
F18 JP Morgan Trust Company of Delaware Trustee U/A 12/29/14 Lawson 2014 Irrevocable Trust.