Khozema Shipchandler - Nov 11, 2021 Form 4 Insider Report for TWILIO INC (TWLO)

Role: Chief Operating Officer
Signature: /s/ Mariam Sattar as attorney in fact for Reporting Person
Stock symbol: TWLO
Transactions as of: Nov 11, 2021
Transactions value $: $0
Form type: 4
Date filed: 11/15/2021, 05:53 PM
Previous filing: Oct 18, 2021
Next filing: Nov 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TWLO	Class A Common Stock	Award	$0	+7.49K	+10.95%	$0.00	75.9K	Nov 11, 2021	Direct	F1, F2

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)	Award	$0	+13.6K		$0.00	13.6K	Nov 11, 2021	Class A Common Stock	13.6K	$298.00	Direct	F3
holding	TWLO	Employee Stock Option (right to buy)						45.1K	Nov 11, 2021	Class A Common Stock	45.1K	$76.63	Direct	F4
holding	TWLO	Employee Stock Option (right to buy)						44.2K	Nov 11, 2021	Class A Common Stock	44.2K	$117.94	Direct	F5
holding	TWLO	Employee Stock Option (right to buy)						18.1K	Nov 11, 2021	Class A Common Stock	18.1K	$377.59	Direct	F6

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

Explanation of Responses:

Id	Content
F1	The shares reported in this transaction represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock. The RSUs shall vest as follows: 33% of the RSUs shall vest in equal quarterly installments between the first and second anniversaries of December 31, 2021, 33% of the RSUs shall vest in equal quarterly installments between the second and third anniversaries of December 31, 2021 and 34% of the RSUs shall vest in equal quarterly installments between the third and fourth anniversaries of December 31, 2021, subject to the Reporting Person's continued service to the Issuer through each vesting date.
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 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, 2021, 33% of the stock option shall vest in equal quarterly installments between the second and third anniversaries of December 31, 2021 and 34% of the stock option shall vest in equal quarterly installments between the third and fourth anniversaries of December 31, 2021, subject to the Reporting Person's continued service to the Issuer through each vesting date.
F4	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.
F5	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.
F6	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.