Khozema Shipchandler - Nov 15, 2021 Form 4 Insider Report for TWILIO INC (TWLO)

Signature
/s/ Mariam Sattar as attorney in fact for Reporting Person
Stock symbol
TWLO
Transactions as of
Nov 15, 2021
Transactions value $
-$1,045,482
Form type
4
Date filed
11/17/2021, 06:13 PM
Previous filing
Nov 15, 2021
Next filing
Nov 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWLO Class A Common Stock Sale -$136K -450 -0.59% $302.85 75.4K Nov 15, 2021 Direct F1, F2, F3
transaction TWLO Class A Common Stock Sale -$365K -1.2K -1.59% $303.91 74.2K Nov 15, 2021 Direct F1, F3, F4
transaction TWLO Class A Common Stock Sale -$198K -650 -0.88% $304.77 73.6K Nov 15, 2021 Direct F1, F3, F5
transaction TWLO Class A Common Stock Sale -$110K -358 -0.49% $305.92 73.2K Nov 15, 2021 Direct F1, F3, F6
transaction TWLO Class A Common Stock Sale -$74.6K -243 -0.33% $306.88 73K Nov 15, 2021 Direct F1, F3, F7
transaction TWLO Class A Common Stock Sale -$92.5K -300 -0.41% $308.25 72.7K Nov 15, 2021 Direct F1, F3, F8
transaction TWLO Class A Common Stock Sale -$69.8K -226 -0.31% $309.00 72.4K Nov 15, 2021 Direct F1, F3, F9
* 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 $302.3000 to $303.2700 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 $303.3000 to $304.2800 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 $304.4600 to $305.3200 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 $305.5000 to $306.3000 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 $306.6901 to $307.2000 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 $307.7400 to $308.6900 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 $308.8200 to $309.1300 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.