Karyn Smith - 01 Dec 2021 Form 4 Insider Report for TWILIO INC (TWLO)

Signature
/s/ Mariam Sattar as attorney in fact for Reporting Person
Issuer symbol
TWLO
Transactions as of
01 Dec 2021
Net transactions value
-$9,470,924
Form type
4
Filing time
03 Dec 2021, 16:24:34 UTC
Previous filing
19 Nov 2021
Next filing
07 Dec 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWLO Class A Common Stock Conversion of derivative security $0 +22,977 +118% $0.000000 42,476 01 Dec 2021 Direct F1
transaction TWLO Class A Common Stock Options Exercise $286,841 +8,975 +21% $31.96 51,451 01 Dec 2021 Direct F1
transaction TWLO Class A Common Stock Options Exercise $393,842 +11,931 +23% $33.01 63,382 01 Dec 2021 Direct F1
transaction TWLO Class A Common Stock Options Exercise $669,310 +5,675 +9% $117.94 69,057 01 Dec 2021 Direct F1
transaction TWLO Class A Common Stock Sale $1,838,977 -6,877 -10% $267.41 62,180 01 Dec 2021 Direct F1, F2
transaction TWLO Class A Common Stock Sale $555,650 -2,071 -3.3% $268.30 60,109 01 Dec 2021 Direct F1, F3
transaction TWLO Class A Common Stock Sale $2,612,920 -9,593 -16% $272.38 50,516 01 Dec 2021 Direct F1, F4
transaction TWLO Class A Common Stock Sale $1,203,757 -4,400 -8.7% $273.58 46,116 01 Dec 2021 Direct F1, F5
transaction TWLO Class A Common Stock Sale $884,506 -3,221 -7% $274.61 42,895 01 Dec 2021 Direct F1, F6
transaction TWLO Class A Common Stock Sale $2,041,757 -7,406 -17% $275.69 35,489 01 Dec 2021 Direct F1, F7
transaction TWLO Class A Common Stock Sale $1,406,015 -5,080 -14% $276.77 30,409 01 Dec 2021 Direct F1, F8
transaction TWLO Class A Common Stock Sale $277,335 -1,000 -3.3% $277.34 29,409 01 Dec 2021 Direct F1, F9
holding TWLO Class A Common Stock 5,101 01 Dec 2021 By The Karyn Smith Revocable Trust 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 -12,020 -100% $0.000000* 0 01 Dec 2021 Class B Common Stock 12,020 $4.73 Direct F11, F12
transaction TWLO Class B Common Stock Options Exercise $0 +12,020 $0.000000 12,020 01 Dec 2021 Class A Common Stock 12,020 Direct F12
transaction TWLO Employee Stock Option (right to buy) Options Exercise $0 -10,957 -100% $0.000000* 0 01 Dec 2021 Class B Common Stock 10,957 $10.09 Direct F12, F13
transaction TWLO Class B Common Stock Options Exercise $0 +10,957 +91% $0.000000 22,977 01 Dec 2021 Class A Common Stock 10,957 Direct F12
transaction TWLO Class B Common Stock Conversion of derivative security $0 -22,977 -100% $0.000000* 0 01 Dec 2021 Class A Common Stock 22,977 Direct F12
transaction TWLO Employee Stock Option (right to buy) Options Exercise $0 -8,975 -100% $0.000000* 0 01 Dec 2021 Class A Common Stock 8,975 $31.96 Direct F14
transaction TWLO Employee Stock Option (right to buy) Options Exercise $0 -11,931 -76% $0.000000 3,849 01 Dec 2021 Class A Common Stock 11,931 $33.01 Direct F15
transaction TWLO Employee Stock Option (right to buy) Options Exercise $0 -5,675 -25% $0.000000 17,258 01 Dec 2021 Class A Common Stock 5,675 $117.94 Direct F16
holding TWLO Employee Stock Option (right to buy) 18,040 01 Dec 2021 Class A Common Stock 18,040 $111.32 Direct F17
* 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 reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $267 to $267.91 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 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $268.02 to $268.495 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.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $272.1 to $273.09 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 $273.23 to $273.98 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 $274.24 to $275.196 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 $275.27 to $276.175 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 $276.28 to $277.235 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 $277.29 to $277.38 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.
F10 The Karyn Smith Revocable Trust U/A/D 9/15/06 Amended 12/23/11, Karyn Smith Trustee.
F11 This stock option grant became fully vested on September 2, 2018.
F12 Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
F13 This stock option grant became fully vested on January 15, 2020.
F14 This stock option grant became fully vested on January 1, 2021.
F15 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 continued service to the Issuer through each vesting date.
F16 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.
F17 The stock option shall vest 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.