Dana Wagner - 20 Jan 2022 Form 4 Insider Report for TWILIO INC (TWLO)

Role
Chief Legal Officer, Secretary
Signature
/s/ Mariam Sattar as attorney in fact for Reporting Person
Issuer symbol
TWLO
Transactions as of
20 Jan 2022
Net transactions value
$0
Form type
4
Filing time
21 Jan 2022, 17:14:26 UTC
Previous filing
23 Dec 2021
Next filing
23 Mar 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 +63,291 $0.000000 63,291 20 Jan 2022 Direct F1, F2
* 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: 29.17% of the RSUs shall vest on February 15, 2023 and the RSUs shall continue to vest in equal quarterly installments over the following eleven quarters, in each case on February 15, May 15, August 15 and November 15, with a final vesting of 2.08% on February 15, 2026, 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.