Miyuki Suzuki - Aug 4, 2022 Form 4 Insider Report for TWILIO INC (TWLO)

Role: Director
Signature: Sarah DiLorenzo as attorney in fact for Reporting Person
Stock symbol: TWLO
Transactions as of: Aug 4, 2022
Transactions value $: $0
Form type: 4
Date filed: 8/8/2022, 04:25 PM
Previous filing: Nov 17, 2021
Next filing: Sep 19, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TWLO	Class A Common Stock	Award	$0	+6.35K		$0.00	6.35K	Aug 4, 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 shall vest as follows: 30.67% of the RSUs will vest on the date immediately prior to our next annual meeting of stockholders (the "Initial Vesting Date"), 34.66% of the RSUs will vest on the one year anniversary of the Initial Vest Date and 34.67% of the RSUs will vest on the two year anniversary of the Initial Vest Date, subject, in each case, to continued service to the Issuer through each such 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.

Content

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 shall vest as follows: 30.67% of the RSUs will vest on the date immediately prior to our next annual meeting of stockholders (the "Initial Vesting Date"), 34.66% of the RSUs will vest on the one year anniversary of the Initial Vest Date and 34.67% of the RSUs will vest on the two year anniversary of the Initial Vest Date, subject, in each case, to continued service to the Issuer through each such vesting date.

A portion of these shares represent RSUs. Each RSU represents a contingent right to receive one share of Issuer's Class A common stock.