Jeff Lawson - Mar 21, 2022 Form 4 Insider Report for TWILIO INC (TWLO)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Judy Tieh as attorney in fact for Reporting Person
Stock symbol
TWLO
Transactions as of
Mar 21, 2022
Transactions value $
$0
Form type
4
Date filed
3/23/2022, 07:51 PM
Previous filing
Feb 17, 2022
Next filing
Apr 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWLO Class A Common Stock Award $0 +75K +101.84% $0.00 149K Mar 21, 2022 Direct F1, F2
holding TWLO Class A Common Stock 65.2K Mar 21, 2022 By Lawson Revocable Trust 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 RSUs. Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock. The RSUs shall vest as follows: 33% of the RSUs shall vest in equal quarterly installments between the first and second anniversaries of January 1, 2022, 33% of the RSUs shall vest in equal quarterly installments between the second and third anniversaries of January 1, 2022, and 34% of the RSUs shall vest in equal quarterly installments between the third and fourth anniversaries of January 1, 2022, subject to the Reporting Person's continued employment with 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 Erica Freeman Lawson and Jeffrey Gordon Lawson Trustees of the Lawson Revocable Trust dated 10/2/11.