Jeff Lawson - Dec 31, 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 31, 2021
Transactions value $
-$3,696,000
Form type
4
Date filed
1/4/2022, 08:10 PM
Previous filing
Dec 15, 2021
Next filing
Feb 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWLO Class A Common Stock Tax liability $0 -10.8K -10.58% $0.00 91K Dec 31, 2021 Direct F1, F2
transaction TWLO Class A Common Stock Gift $0 -10.9K -12.02% $0.00 80.1K Dec 31, 2021 Direct F2, F3
transaction TWLO Class A Common Stock Gift $0 +10.9K +21.75% $0.00 61.2K Dec 31, 2021 By Lawson Revocable Trust F4, F5
transaction TWLO Class A Common Stock Conversion of derivative security $0 +12.5K +20.41% $0.00 73.7K Jan 3, 2022 By Lawson Revocable Trust F5
transaction TWLO Class A Common Stock Sale -$3.3M -12.5K -16.95% $264.00 61.2K Jan 3, 2022 By Lawson Revocable Trust F5, F6
transaction TWLO Class A Common Stock Conversion of derivative security $0 +1.5K $0.00 1.5K Jan 3, 2022 By Lawson 2014 Irrevocable Trust F7
transaction TWLO Class A Common Stock Sale -$396K -1.5K -100% $264.00 0 Jan 3, 2022 By Lawson 2014 Irrevocable Trust F6, F7

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 -1.5K -0.15% $0.00 1.02M Jan 3, 2022 Class A Common Stock 1.5K By Lawson 2014 Irrevocable Trust F7, F8
transaction TWLO Class B Common Stock Conversion of derivative security $0 -12.5K -0.27% $0.00 4.58M Jan 3, 2022 Class A Common Stock 12.5K By Lawson Revocable Trust F5, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class A common stock that were withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person in connection with the vesting of Restricted Stock Units ("RSUs").
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 Represents shares that were contributed by the Reporting Person to the Reporting Person's trust.
F4 Represents the shares received by the Reporting Person's trust.
F5 Erica Freeman Lawson and Jeffrey Gordon Lawson Trustees of the Lawson Revocable Trust dated 10/2/11.
F6 The sales reported were executed under the Reporting Person's 10b5-1 trading plan, dated as of 6/7/2021.
F7 JP Morgan Trust Company of Delaware Trustee U/A 12/29/14 Lawson 2014 Irrevocable Trust.
F8 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.