| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | TWLO | Class A Common Stock | Sale | -$31.8K | -493 | -0.34% | $64.51 | 144K | Sep 5, 2023 | Direct | F1, F2 |
| transaction | TWLO | Class A Common Stock | Sale | -$223K | -3.85K | -2.67% | $57.85 | 140K | Oct 2, 2023 | Direct | F2, F3, F4 |
| transaction | TWLO | Class A Common Stock | Sale | -$6.02K | -103 | -0.07% | $58.40 | 140K | Oct 2, 2023 | Direct | F2, F3, F5 |
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).
| Id | Content |
|---|---|
| F1 | The sale reported was executed under the Reporting Person's 10b5-1 trading plan, dated as of 6/5/2023. The trade details were not included in the Form 4 that was filed on 9/7/2023 due to an administrative error. |
| 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 the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of 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. |
| F4 | The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $57.38 to $58.36 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 purchased at each separate price within the range set forth in this footnote. |
| F5 | The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $58.38 to $58.43 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 purchased at each separate price within the range set forth in this footnote. |