Jeff Lawson - Feb 22, 2023 Form 4 Insider Report for TWILIO INC (TWLO)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Sarah DiLorenzo as attorney in fact for Reporting Person
Stock symbol
TWLO
Transactions as of
Feb 22, 2023
Transactions value $
-$2,426,087
Form type
4
Date filed
2/24/2023, 04:39 PM
Previous filing
Apr 1, 2022
Next filing
Feb 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWLO Class A Common Stock Award $0 +78K +54.75% $0.00 221K Feb 22, 2023 Direct F1, F2
transaction TWLO Class A Common Stock Tax liability -$2.43M -36.5K -16.55% $66.49 184K Feb 22, 2023 Direct F2, F3
holding TWLO Class A Common Stock 68.3K Feb 22, 2023 By Lawson Revocable Trust F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class A common stock issued upon settlement of performance-based restricted stock units ("PSUs") granted to the Reporting Person on March 21, 2022, which PSUs vested on February 22, 2023 upon certification by the Issuer's Compensation and Talent Management Committee that the applicable performance criteria was achieved.
F2 A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of Issuer's Class A common stock.
F3 Represents shares of Class A common stock that were withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person in connection with the vesting of PSUs.
F4 Erica Freeman Lawson and Jeffrey Gordon Lawson Trustees of the Lawson Revocable Trust dated 10/2/11.