| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | TWLO | Class A Common Stock | Sale | -$351 | -1 | 0% | $351.04* | 92K | Aug 16, 2021 | Direct | F1, F2 |
| transaction | TWLO | Class A Common Stock | Sale | -$233K | -662 | -0.72% | $352.63* | 91.4K | Aug 16, 2021 | Direct | F1, F2, F3 |
| transaction | TWLO | Class A Common Stock | Sale | -$331K | -933 | -1.02% | $355.20* | 90.4K | Aug 16, 2021 | Direct | F1, F2, F4 |
| transaction | TWLO | Class A Common Stock | Sale | -$73.2K | -205 | -0.23% | $357.13* | 90.2K | Aug 16, 2021 | Direct | F1, F2, F5 |
| transaction | TWLO | Class A Common Stock | Sale | -$390K | -1.09K | -1.21% | $357.97* | 89.1K | Aug 16, 2021 | Direct | F1, F2, F6 |
| transaction | TWLO | Class A Common Stock | Sale | -$605K | -1.68K | -1.88% | $360.33* | 87.5K | Aug 16, 2021 | Direct | F1, F2, F7 |
| 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 | A portion of these shares represent RSUs. Each RSU represents a contingent right to receive one share of Issuer's Class A common stock. |
| F3 | The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $352.1000 to $352.9500 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 $354.9600 to $355.6800 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 $356.8800 to $357.6600 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 $357.8900 to $358.0800 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 $359.8800 to $360.7200 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. |
Exhibit List Exhibit 24 - Power of Attorney