Jeff Lawson - Jul 21, 2021 Form 4 Insider Report for TWILIO INC (TWLO)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Mariam Sattar as attorney in fact for Reporting Person
Stock symbol
TWLO
Transactions as of
Jul 21, 2021
Transactions value $
-$19,193,157
Form type
4
Date filed
7/23/2021, 06:08 PM
Previous filing
Jul 2, 2021
Next filing
Aug 11, 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 +49.5K +119.27% $0.00 91K Jul 21, 2021 By Lawson Revocable Trust F1
transaction TWLO Class A Common Stock Sale -$1.52M -3.95K -4.34% $384.76* 87.1K Jul 21, 2021 By Lawson Revocable Trust F1, F2, F3
transaction TWLO Class A Common Stock Sale -$1.85M -4.78K -5.49% $385.83* 82.3K Jul 21, 2021 By Lawson Revocable Trust F1, F2, F4
transaction TWLO Class A Common Stock Sale -$2.64M -6.82K -8.29% $386.80* 75.5K Jul 21, 2021 By Lawson Revocable Trust F1, F2, F5
transaction TWLO Class A Common Stock Sale -$6.3M -16.3K -21.54% $387.82* 59.2K Jul 21, 2021 By Lawson Revocable Trust F1, F2, F6
transaction TWLO Class A Common Stock Sale -$3.96M -10.2K -17.23% $388.76* 49K Jul 21, 2021 By Lawson Revocable Trust F1, F2, F7
transaction TWLO Class A Common Stock Sale -$2.6M -6.67K -13.61% $389.71* 42.3K Jul 21, 2021 By Lawson Revocable Trust F1, F2, F8
transaction TWLO Class A Common Stock Sale -$323K -826 -1.95% $390.77* 41.5K Jul 21, 2021 By Lawson Revocable Trust F1, F2, F9
holding TWLO Class A Common Stock 119K Jul 21, 2021 Direct F10

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 -49.5K -1.01% $0.00 4.87M Jul 21, 2021 Class A Common Stock 49.5K By Lawson Revocable Trust F1, F11
holding TWLO Class B Common Stock 1.03M Jul 21, 2021 Class A Common Stock 1.03M By Lawson 2014 Irrevocable Trust F11, F12
* 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 executed under the Reporting Person's 10b5-1 trading plan, dated as of 6/3/2020.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $384.3000 to $385.2700 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 $385.3100 to $386.3000 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 $386.3300 to $387.3200 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 $387.3300 to $388.3000 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 $388.3400 to $389.3200 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 $389.3500 to $390.3000 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 $390.3700 to $390.8700 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 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.
F11 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.
F12 JP Morgan Trust Company of Delaware Trustee U/A 12/29/14 Lawson 2014 Irrevocable Trust.