| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | TWLO | Class A Common Stock | Sale | -$188K | -476 | -1.82% | $394.76* | 25.6K | Jun 30, 2021 | Direct | F1, F2, F3 |
| transaction | TWLO | Class A Common Stock | Gift | $0 | -1.33K | -5.18% | $0.00 | 24.3K | Jun 30, 2021 | Direct | F3, F4 |
| transaction | TWLO | Class A Common Stock | Gift | $0 | +1.33K | +25.99% | $0.00 | 6.43K | Jun 30, 2021 | By The Karyn Smith Revocable Trust | F5, F6 |
| 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 $394.50 to $395.12 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. |
| 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 | Represents shares that were contributed by the Reporting Person to the Reporting Person's trust. |
| F5 | Represents the shares received by the Reporting Person's trust. |
| F6 | The Karyn Smith Revocable Trust U/A/D 9/15/06 Amended 12/23/11, Karyn Smith Trustee. |