Aidan Viggiano - Jun 9, 2023 Form 4 Insider Report for TWILIO INC (TWLO)

Role
Chief Financial Officer
Signature
/s/ Sarah DiLorenzo as attorney in fact for Reporting Person.
Stock symbol
TWLO
Transactions as of
Jun 9, 2023
Transactions value $
-$536,364
Form type
4
Date filed
6/13/2023, 04:45 PM
Previous filing
May 17, 2023
Next filing
Jul 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWLO Class A Common Stock Sale -$536K -8.46K -3.97% $63.43 204K Jun 9, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sale reported was executed under the Reporting Person's 10b5-1 trading plan, dated as of 3/10/2023.
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.