George Hu - 11 Nov 2021 Form 4 Insider Report for TWILIO INC (TWLO)

Role: Strategic Advisor
Signature: /s/ Mariam Sattar as attorney in fact for Reporting Person
Issuer symbol: TWLO
Transactions as of: 11 Nov 2021
Net transactions value: +$399,926
Form type: 4
Filing time: 15 Nov 2021, 18:10:46 UTC
Previous filing: 04 Oct 2021
Next filing: 06 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TWLO	Class A Common Stock	Options Exercise	$399,926	+12,608	+15%	$31.72	98,870	11 Nov 2021	Direct	F1

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	-12,608	-62%	$0.000000	7,858	11 Nov 2021	Class A Common Stock	12,608	$31.72	Direct	F2
holding	TWLO	Employee Stock Option (right to buy)						185,000	11 Nov 2021	Class A Common Stock	185,000	$31.72	Direct	F3
holding	TWLO	Employee Stock Option (right to buy)						185,000	11 Nov 2021	Class A Common Stock	185,000	$31.72	Direct	F4
holding	TWLO	Employee Stock Option (right to buy)						185,000	11 Nov 2021	Class A Common Stock	185,000	$31.72	Direct	F5
holding	TWLO	Employee Stock Option (right to buy)						96,214	11 Nov 2021	Class A Common Stock	96,214	$33.01	Direct	F6
holding	TWLO	Employee Stock Option (right to buy)						73,798	11 Nov 2021	Class A Common Stock	73,798	$111.32	Direct	F7
holding	TWLO	Employee Stock Option (right to buy)						58,559	11 Nov 2021	Class A Common Stock	58,559	$117.94	Direct	F8
holding	TWLO	Employee Stock Option (right to buy)						18,126	11 Nov 2021	Class A Common Stock	18,126	$377.59	Direct	F9

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

Explanation of Responses:

Id	Content
F1	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.
F2	The shares subject to the stock option vest as follows: 25% of the stock option vested on February 28, 2018 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.
F3	The shares subject to the stock option vest as follows: 50% of the stock option vested on December 31, 2018 and the remaining shares subject to the stock option shall vest in 24 equal monthly installments thereafter, 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: 50% of the stock option vested on March 31, 2018 and the remaining shares subject to the stock option shall vest in 24 equal monthly installments thereafter, 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: 50% of the stock option vested on June 30, 2019 and the remaining shares subject to the stock option shall vest in 24 equal monthly installments thereafter, subject to the Reporting Person's continued service to the Issuer through each vesting date.
F6	The shares subject to this option vest in 48 equal monthly installments, with the first installment on March 15, 2018, subject to the Reporting Person's continuous service to the Issuer through each vesting date.
F7	The stock option vests as follows: 33% of the stock option shall vest on December 31, 2020, 33% of the stock option shall vest on December 31, 2021 and 34% of the stock option shall vest on December 31, 2022, subject to the Reporting Person's continued service to the Issuer through each vesting date.
F8	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.
F9	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.