| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | TWLO | Class A Common Stock | Options Exercise | $570,948 | +4,841 | +6% | $117.94 | 84,982 | 30 Jun 2021 | Direct | F1 |
| transaction | TWLO | Class A Common Stock | Sale | $1,937,271 | -4,841 | -5.7% | $400.18* | 80,141 | 30 Jun 2021 | Direct | F1, F2 |
| transaction | TWLO | Class A Common Stock | Sale | $400,401 | -1,015 | -1.3% | $394.48* | 79,126 | 30 Jun 2021 | Direct | F1, F3, F4 |
| transaction | TWLO | Class A Common Stock | Sale | $78,978 | -200 | -0.25% | $394.89* | 78,926 | 30 Jun 2021 | Direct | F1, F3, F5 |
| transaction | TWLO | Class A Common Stock | Options Exercise | $247,132 | +3,225 | +4.1% | $76.63 | 82,151 | 01 Jul 2021 | Direct | F1 |
| transaction | TWLO | Class A Common Stock | Sale | $1,277,100 | -3,225 | -3.9% | $396.00* | 78,926 | 01 Jul 2021 | Direct | F1, F2 |
| 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 | -4,841 | -9% | $0.000000 | 48,999 | 30 Jun 2021 | Class A Common Stock | 4,841 | $117.94 | Direct | F6 |
| transaction | TWLO | Employee Stock Option (right to buy) | Options Exercise | $0 | -3,225 | -5.6% | $0.000000 | 54,746 | 01 Jul 2021 | Class A Common Stock | 3,225 | $76.63 | Direct | F7 |
| holding | TWLO | Employee Stock Option (right to buy) | 18,126 | 30 Jun 2021 | Class A Common Stock | 18,126 | $377.59 | Direct | F8 |
| 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 9/7/2020. |
| F3 | Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of 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. |
| F4 | The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $393.8600 to $394.7800 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 $394.8700 to $394.9100 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. |
| F6 | The shares subject to the stock option vest as follows: 33% of the stock option shall vest in equal quarterly installments between the first and second anniversaries of December 31, 2019, 33% of the stock option shall vest in equal quarterly installments between the second and third anniversaries of December 31, 2019 and 34% of the stock option shall vest in equal quarterly installments between the third and fourth anniversaries of December 31, 2019, subject to the Reporting Person's continued service to the Issuer through each vesting date. |
| F7 | The shares subject to the stock option vest as follows: 25% of the stock option shall vest on November 1, 2019, and the remaining shares subject to the stock option shall vest in equal monthly installments over the following three years, subject to the Reporting Person's continued service to the Issuer through each vesting date. |
| F8 | The shares subject to the stock option vest as follows: 33% of the stock option shall vest in equal quarterly installments between the first and second anniversaries of December 31, 2020, 33% of the stock option shall vest in equal quarterly installments between the second and third anniversaries of December 31, 2020 and 34% of the stock option shall vest in equal quarterly installments between the third and fourth anniversaries of December 31, 2020, subject to the Reporting Person's continued service to the Issuer through each vesting date. |