Jeff Lawson - Aug 9, 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
Aug 9, 2021
Transactions value $
-$18,464,592
Form type
4
Date filed
8/11/2021, 08:46 PM
Previous filing
Jul 23, 2021
Next filing
Aug 18, 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 Aug 9, 2021 By Lawson Revocable Trust F1
transaction TWLO Class A Common Stock Sale -$1.37M -3.7K -4.07% $369.05* 87.3K Aug 9, 2021 By Lawson Revocable Trust F1, F2, F3
transaction TWLO Class A Common Stock Sale -$1.33M -3.6K -4.12% $370.09* 83.7K Aug 9, 2021 By Lawson Revocable Trust F1, F2, F4
transaction TWLO Class A Common Stock Sale -$1.22M -3.3K -3.94% $371.12* 80.4K Aug 9, 2021 By Lawson Revocable Trust F1, F2, F5
transaction TWLO Class A Common Stock Sale -$2.48M -6.66K -8.29% $372.39* 73.7K Aug 9, 2021 By Lawson Revocable Trust F1, F2, F6
transaction TWLO Class A Common Stock Sale -$3.38M -9.06K -12.28% $373.26* 64.7K Aug 9, 2021 By Lawson Revocable Trust F1, F2, F7
transaction TWLO Class A Common Stock Sale -$6.84M -18.3K -28.24% $374.29* 46.4K Aug 9, 2021 By Lawson Revocable Trust F1, F2, F8
transaction TWLO Class A Common Stock Sale -$1.84M -4.92K -10.59% $375.15* 41.5K Aug 9, 2021 By Lawson Revocable Trust F1, F2, F9
holding TWLO Class A Common Stock 119K Aug 9, 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 -1.02% $0.00 4.82M Aug 9, 2021 Class A Common Stock 49.5K By Lawson Revocable Trust F1, F11
holding TWLO Class B Common Stock 1.03M Aug 9, 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 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 $368.6000 to $369.5800 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 $369.6800 to $370.5000 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 $370.7400 to $371.7100 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 $371.7900 to $372.7800 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.
F7 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $372.7900 to $373.7800 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.
F8 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $373.7900 to $374.7500 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 $374.8100 to $375.7100 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.