Elena A. Donio - Jun 21, 2022 Form 4 Insider Report for TWILIO INC (TWLO)

Role
President of Revenue, Director
Signature
/s/ Sarah DiLorenzo as attorney in fact for Reporting Person
Stock symbol
TWLO
Transactions as of
Jun 21, 2022
Transactions value $
$0
Form type
4
Date filed
6/23/2022, 04:26 PM
Previous filing
Mar 17, 2022
Next filing
Aug 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWLO Class A Common Stock Award $0 +298K +2394.11% $0.00 311K Jun 21, 2022 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 Employee Stock Option (right to buy) Award $0 +167K $0.00 167K Jun 21, 2022 Class A Common Stock 167K $85.17 Direct F3
holding TWLO Class B Common Stock 18.3K Jun 21, 2022 Class A Common Stock 18.3K Direct F4
* 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: 1/16 of the RSUs shall vest on the three month anniversary of the Vesting Commencement Date of May 15, 2022, and 1/16 of the RSUs shall vest each quarter thereafter on February 15, May 15, August 15 and November 15, as applicable for the next 15 quarters, 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 option shall vest in 48 equal monthly installments over the following four years beginning one month following the Transaction Date, subject to the Reporting Person's continued service to the Issuer through each vesting date.
F4 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.