Jeff Lawson - Sep 7, 2021 Form 4 Insider Report for TWILIO INC (TWLO)

Signature
/s/ Bryan Warner as attorney in fact for Reporting Person
Stock symbol
TWLO
Transactions as of
Sep 7, 2021
Transactions value $
-$10,206,304
Form type
4
Date filed
9/8/2021, 04:36 PM
Previous filing
Sep 7, 2021
Next filing
Oct 4, 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 +25K +55.92% $0.00 69.7K Sep 7, 2021 By Lawson Revocable Trust F1
transaction TWLO Class A Common Stock Sale -$142K -397 -0.57% $357.26* 69.3K Sep 7, 2021 By Lawson Revocable Trust F1, F2, F3
transaction TWLO Class A Common Stock Sale -$143K -400 -0.58% $358.31* 68.9K Sep 7, 2021 By Lawson Revocable Trust F1, F2, F4
transaction TWLO Class A Common Stock Sale -$323K -900 -1.31% $359.37* 68K Sep 7, 2021 By Lawson Revocable Trust F1, F2, F5
transaction TWLO Class A Common Stock Sale -$539K -1.49K -2.2% $360.85* 66.5K Sep 7, 2021 By Lawson Revocable Trust F1, F2, F6
transaction TWLO Class A Common Stock Sale -$1.49M -4.1K -6.17% $362.18* 62.4K Sep 7, 2021 By Lawson Revocable Trust F1, F2, F7
transaction TWLO Class A Common Stock Sale -$655K -1.81K -2.89% $362.91* 60.6K Sep 7, 2021 By Lawson Revocable Trust F1, F2, F8
transaction TWLO Class A Common Stock Sale -$255K -700 -1.15% $363.83* 59.9K Sep 7, 2021 By Lawson Revocable Trust F1, F2, F9
transaction TWLO Class A Common Stock Sale -$5.16M -14.1K -23.54% $365.99* 45.8K Sep 7, 2021 By Lawson Revocable Trust F1, F2, F10
transaction TWLO Class A Common Stock Sale -$257K -700 -1.53% $367.04* 45.1K Sep 7, 2021 By Lawson Revocable Trust F1, F2, F11
transaction TWLO Class A Common Stock Sale -$147K -400 -0.89% $367.90* 44.7K Sep 7, 2021 By Lawson Revocable Trust F1, F2, F12
transaction TWLO Class A Common Stock Conversion of derivative security $0 +3K $0.00 3K Sep 7, 2021 By Lawson 2014 Irrevocable Trust F13
transaction TWLO Class A Common Stock Sale -$1.1M -3K -100% $365.99* 0 Sep 7, 2021 By Lawson 2014 Irrevocable Trust F2, F13
holding TWLO Class A Common Stock 113K Sep 7, 2021 Direct F14

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 -25K -0.54% $0.00 4.64M Sep 7, 2021 Class A Common Stock 25K By Lawson Revocable Trust F1, F15
transaction TWLO Class B Common Stock Conversion of derivative security $0 -3K -0.29% $0.00 1.03M Sep 7, 2021 Class A Common Stock 3K By Lawson 2014 Irrevocable Trust F13, F15
* 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 9/6/2021.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $357.0000 to $357.6200 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 $358.0000 to $358.4100 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 $359.0100 to $359.9400 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 $360.1200 to $361.1100 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 $361.5400 to $362.5200 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 $362.5400 to $363.5000 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.
F9 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $363.6900 to $364.3334 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 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $365.6000 to $366.0000 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.
F11 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $366.6500 to $367.5650 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.
F12 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $367.7400 to $368.1900 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.
F13 JP Morgan Trust Company of Delaware Trustee U/A 12/29/14 Lawson 2014 Irrevocable Trust.
F14 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.
F15 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.