Khozema Shipchandler - Sep 30, 2021 Form 4 Insider Report for TWILIO INC (TWLO)

Role: Chief Financial Officer
Signature: /s/ Mariam Sattar as attorney in fact for Reporting Person
Stock symbol: TWLO
Transactions as of: Sep 30, 2021
Transactions value $: -$1,158,615
Form type: 4
Date filed: 10/4/2021, 05:59 PM
Previous filing: Sep 2, 2021
Next filing: Oct 7, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TWLO	Class A Common Stock	Sale	-$31.2K	-100	-0.14%	$311.73^*	70.7K	Sep 30, 2021	Direct	F1, F2, F3
transaction	TWLO	Class A Common Stock	Sale	-$72.9K	-233	-0.33%	$312.98^*	70.5K	Sep 30, 2021	Direct	F1, F3, F4
transaction	TWLO	Class A Common Stock	Sale	-$115K	-368	-0.52%	$313.83^*	70.1K	Sep 30, 2021	Direct	F1, F3, F5
transaction	TWLO	Class A Common Stock	Sale	-$94.5K	-300	-0.43%	$314.92^*	69.8K	Sep 30, 2021	Direct	F1, F3, F6
transaction	TWLO	Class A Common Stock	Sale	-$41.4K	-131	-0.19%	$315.89^*	69.7K	Sep 30, 2021	Direct	F1, F3, F7
transaction	TWLO	Class A Common Stock	Sale	-$12.7K	-40	-0.06%	$318.20^*	69.6K	Sep 30, 2021	Direct	F1, F3, F8
transaction	TWLO	Class A Common Stock	Sale	-$6.38K	-20	-0.03%	$318.99^*	69.6K	Sep 30, 2021	Direct	F1, F3, F9
transaction	TWLO	Class A Common Stock	Options Exercise	$247K	+3.23K	+4.63%	$76.63	72.8K	Oct 1, 2021	Direct	F3
transaction	TWLO	Class A Common Stock	Sale	-$1.03M	-3.23K	-4.43%	$319.75^*	69.6K	Oct 1, 2021	Direct	F3, 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	Employee Stock Option (right to buy)	Options Exercise	$0	-3.23K	-6.68%	$0.00	45.1K	Oct 1, 2021	Class A Common Stock	3.23K	$76.63	Direct	F11
holding	TWLO	Employee Stock Option (right to buy)						49K	Sep 30, 2021	Class A Common Stock	49K	$117.94	Direct	F12
holding	TWLO	Employee Stock Option (right to buy)						18.1K	Sep 30, 2021	Class A Common Stock	18.1K	$377.59	Direct	F13

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $311.32 to $312.02 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.
F3	A portion of these shares represent RSUs. Each RSU represents a contingent right to receive one share of Issuer's Class A common stock.
F4	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $312.415 to $313.4 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 $313.42 to $314.16 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 $314.48 to $315.38 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 $315.51 to $316.18 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 $317.88 to $318.525 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 $318.99 to $318.99 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 sales reported were executed under the Reporting Person's 10b5-1 trading plan, dated as of 9/7/2020.
F11	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.
F12	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.
F13	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.