Eyal Manor - Nov 15, 2022 Form 4 Insider Report for TWILIO INC (TWLO)

Role
Chief Product Officer
Signature
/s/ Sarah DiLorenzo as attorney in fact for Reporting Person
Stock symbol
TWLO
Transactions as of
Nov 15, 2022
Transactions value $
-$205,441
Form type
4
Date filed
11/17/2022, 04:09 PM
Previous filing
Oct 18, 2022
Next filing
Dec 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWLO Class A Common Stock Sale -$163K -2.95K -1.9% $55.29 153K Nov 15, 2022 Direct F1, F2, F3
transaction TWLO Class A Common Stock Sale -$42.2K -750 -0.49% $56.22 152K Nov 15, 2022 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of Restricted Stock Units ("RSUs"). This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of minimum statutory tax withholding obligations to be funded by a "sell-to-cover" transaction and does not represent a discretionary sale by the Reporting Person.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.75 to $55.71 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 A portion of these shares represent RSUs. Each RSU represents a contingent right to receive one share of Issuer's Class A common stock.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.91 to $56.45 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.