Jeff Lawson - Dec 13, 2021 Form 4 Insider Report for TWILIO INC (TWLO)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Mariam Sattar as attorney in fact for Reporting Person
Stock symbol
TWLO
Transactions as of
Dec 13, 2021
Transactions value $
-$3,679,527
Form type
4
Date filed
12/15/2021, 03:53 PM
Previous filing
Nov 17, 2021
Next filing
Jan 4, 2022

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 +12.5K +24.85% $0.00 62.8K Dec 13, 2021 By Lawson Revocable Trust F1
transaction TWLO Class A Common Stock Sale -$522K -2K -3.19% $260.63 60.8K Dec 13, 2021 By Lawson Revocable Trust F1, F2, F3
transaction TWLO Class A Common Stock Sale -$457K -1.75K -2.88% $261.65 59K Dec 13, 2021 By Lawson Revocable Trust F1, F2, F4
transaction TWLO Class A Common Stock Sale -$328K -1.25K -2.12% $262.63 57.8K Dec 13, 2021 By Lawson Revocable Trust F1, F2, F5
transaction TWLO Class A Common Stock Sale -$1.73M -6.57K -11.37% $263.49 51.2K Dec 13, 2021 By Lawson Revocable Trust F1, F2, F6
transaction TWLO Class A Common Stock Sale -$246K -931 -1.82% $264.33 50.3K Dec 13, 2021 By Lawson Revocable Trust F1, F2, F7
transaction TWLO Class A Common Stock Conversion of derivative security $0 +1.5K $0.00 1.5K Dec 13, 2021 By Lawson 2014 Irrevocable Trust F8
transaction TWLO Class A Common Stock Sale -$395K -1.5K -100% $263.43 0 Dec 13, 2021 By Lawson 2014 Irrevocable Trust F2, F8
holding TWLO Class A Common Stock 102K Dec 13, 2021 Direct F9

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 Class B Common Stock Conversion of derivative security $0 -12.5K -0.27% $0.00 4.59M Dec 13, 2021 Class A Common Stock 12.5K By Lawson Revocable Trust F1, F10
transaction TWLO Class B Common Stock Conversion of derivative security $0 -1.5K -0.15% $0.00 1.02M Dec 13, 2021 Class A Common Stock 1.5K By Lawson 2014 Irrevocable Trust F8, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Erica Freeman Lawson and Jeffrey Gordon Lawson Trustees of the Lawson Revocable Trust dated 10/2/11.
F2 The sales reported were executed under the Reporting Person's 10b5-1 trading plan, dated as of 6/7/2021.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $260.17 to $261.16 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 $261.23 to $262.195 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 $262.3 to $263.29 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 $263.3 to $264.2 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 $264.33 to $264.36 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 JP Morgan Trust Company of Delaware Trustee U/A 12/29/14 Lawson 2014 Irrevocable Trust.
F9 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.
F10 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.