Eyal Manor - 20 Dec 2021 Form 4 Insider Report for TWILIO INC (TWLO)

Role
Chief Product Officer
Signature
/s/ Mariam Sattar as attorney in fact for Reporting Person
Issuer symbol
TWLO
Transactions as of
20 Dec 2021
Net transactions value
$0
Form type
4
Filing time
22 Dec 2021, 16:13:06 UTC
Previous filing
29 Dec 2021
Next filing
17 Feb 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 Award $0 +125,444 $0.000000 125,444 20 Dec 2021 Direct F1, F2

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 A Common Stock Award $0 +54,428 $0.000000 54,428 20 Dec 2021 Class A Common Stock 54,428 $268.55 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares reported in this transaction represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock. The RSUs vest as follows: 25% of the RSUs shall vest on November 15, 2022 and the remaining RSUs shall vest in equal quarterly installments over the following three years, in each case on February 15, May 15, August 15 and November 15, subject to the Reporting Person's continued service to the Issuer through each vesting date.
F2 A portion of these shares represent RSUs. Each RSU represents a contingent right to receive one share of Issuer's Class A common stock.
F3 The shares subject to the stock option vest as follows: 25% of the stock option shall vest on November 15, 2022, 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.