Form 4 for TWLO TWILIO INC
Accepted 2021-10-04 00:00:00 ET · period of report 2021-09-30 · accession 0001447669-21-000246 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2021-10-04 | 2021-09-30+ | TWLO | Shipchandler Khozema | CFO | S - Sale+OE | $318.26 | -4,417 | 70.5K | -6% | -$1.41M |
| D | 2021-10-04 | 2021-10-01 | TWLO | Shipchandler Khozema | CFO | M - OptEx | $76.63 | +3,225 | 72.8K | +5% | +$247.1K |
| D | 2021-10-04 | 2021-10-01 | TWLO | Shipchandler Khozema | CFO | M - OptEx | $0.00 | -3,225 | 45.1K | -7% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2021-10-01 | S | D | 3,225 | $319.75 | 69,604 | D | — | — | (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. |
| 2 | Common | Class A Common Stock | 2021-10-01 | M | A | 3,225 | $76.63 | 72,829 | D | — | — | (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. |
| 3 | Common | Class A Common Stock | 2021-09-30 | S | D | 20 | $318.99 | 69,604 | D | — | — | (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. (F9) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $318.99 to $318.99 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. |
| 4 | Common | Class A Common Stock | 2021-09-30 | S | D | 300 | $314.92 | 69,795 | D | — | — | (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. (F6) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $314.48 to $315.38 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. |
| 5 | Common | Class A Common Stock | 2021-09-30 | S | D | 40 | $318.20 | 69,624 | D | — | — | (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. (F8) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $317.88 to $318.525 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. |
| 6 | Common | Class A Common Stock | 2021-09-30 | S | D | 100 | $311.73 | 70,696 | D | — | — | (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 $311.32 to $312.02 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. |
| 7 | Common | Class A Common Stock | 2021-09-30 | S | D | 131 | $315.89 | 69,664 | D | — | — | (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. (F7) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $315.51 to $316.18 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. |
| 8 | Common | Class A Common Stock | 2021-09-30 | S | D | 368 | $313.83 | 70,095 | D | — | — | (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. (F5) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $313.42 to $314.16 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. |
| 9 | Common | Class A Common Stock | 2021-09-30 | S | D | 233 | $312.98 | 70,463 | D | — | — | (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. (F4) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $312.415 to $313.4 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. |
| 10 | Derivative | Employee Stock Option (right to buy) | 2021-10-01 | M | D | 3,225 | $0.00 | 45,072 | D | $76.63 · — to 2028-10-31 | 3,225 Class A Common Stock | (F11) The shares subject to the stock option vest as follows: 25% of the stock option shall vest on November 1, 2019, and the remaining shares subject to the stock option shall vest in equal monthly installments over the following three years, subject to the Reporting Person's continued service to the Issuer through each vesting date. |