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

Role: Strategic Advisor
Signature: /s/ Mariam Sattar as attorney in fact for Reporting Person
Stock symbol: TWLO
Transactions as of: Nov 11, 2021
Transactions value $: $399,926
Form type: 4
Date filed: 11/15/2021, 06:10 PM
Previous filing: Oct 4, 2021
Next filing: Jun 6, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TWLO	Class A Common Stock	Options Exercise	$400K	+12.6K	+14.62%	$31.72	98.9K	Nov 11, 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	-12.6K	-61.6%	$0.00	7.86K	Nov 11, 2021	Class A Common Stock	12.6K	$31.72	Direct	F2
holding	TWLO	Employee Stock Option (right to buy)						185K	Nov 11, 2021	Class A Common Stock	185K	$31.72	Direct	F3
holding	TWLO	Employee Stock Option (right to buy)						185K	Nov 11, 2021	Class A Common Stock	185K	$31.72	Direct	F4
holding	TWLO	Employee Stock Option (right to buy)						185K	Nov 11, 2021	Class A Common Stock	185K	$31.72	Direct	F5
holding	TWLO	Employee Stock Option (right to buy)						96.2K	Nov 11, 2021	Class A Common Stock	96.2K	$33.01	Direct	F6
holding	TWLO	Employee Stock Option (right to buy)						73.8K	Nov 11, 2021	Class A Common Stock	73.8K	$111.32	Direct	F7
holding	TWLO	Employee Stock Option (right to buy)						58.6K	Nov 11, 2021	Class A Common Stock	58.6K	$117.94	Direct	F8
holding	TWLO	Employee Stock Option (right to buy)						18.1K	Nov 11, 2021	Class A Common Stock	18.1K	$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.