Form 4 for TWLO TWILIO INC
Accepted 2021-12-03 00:00:00 ET · period of report 2021-12-01 · accession 0001447669-21-000288 · 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 | 2021-12-03 | 2021-12-01 | TWLO | Smith Karyn | GC, Sec | S - Sale+OE | $272.93 | -39.6K | 62.2K | -39% | -$10.82M |
| DM | 2021-12-03 | 2021-12-01 | TWLO | Smith Karyn | GC, Sec | M - OptEx | $50.79 | +26.6K | 51.5K | +107% | +$1.35M |
| D | 2021-12-03 | 2021-12-01 | TWLO | Smith Karyn | GC, Sec | C - Cnv Deriv | $0.00 | +23.0K | 42.5K | +118% | $0 |
| DM | 2021-12-03 | 2021-12-01 | TWLO | Smith Karyn | GC, Sec | M - OptEx | $0.00 | -26.6K | 0 | -100% | $0 |
| D | 2021-12-03 | 2021-12-01 | TWLO | Smith Karyn | GC, Sec | C - Cnv Deriv | $0.00 | -23.0K | 0 | -100% | $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 | 2021-12-01 | S | D | 9,593 | $272.38 | 50,516 | D | — | — | (F4) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $272.1 to $273.09 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. (F1) 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. |
| 2 | Common | Class A Common Stock | 2021-12-01 | S | D | 4,400 | $273.58 | 46,116 | D | — | — | (F5) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $273.23 to $273.98 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. (F1) 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. |
| 3 | Common | Class A Common Stock | 2021-12-01 | S | D | 3,221 | $274.61 | 42,895 | D | — | — | (F6) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $274.24 to $275.196 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. (F1) 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. |
| 4 | Common | Class A Common Stock | 2021-12-01 | S | D | 7,406 | $275.69 | 35,489 | D | — | — | (F7) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $275.27 to $276.175 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. (F1) 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. |
| 5 | Common | Class A Common Stock | 2021-12-01 | S | D | 5,080 | $276.77 | 30,409 | D | — | — | (F8) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $276.28 to $277.235 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. (F1) 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. |
| 6 | Common | Class A Common Stock | 2021-12-01 | S | D | 1,000 | $277.34 | 29,409 | D | — | — | (F9) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $277.29 to $277.38 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. (F1) 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. |
| 7 | Common | Class A Common Stock | 2021-12-01 | S | D | 2,071 | $268.30 | 60,109 | D | — | — | (F3) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $268.02 to $268.495 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. (F1) 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. |
| 8 | Common | Class A Common Stock | 2021-12-01 | M | A | 5,675 | $117.94 | 69,057 | D | — | — | (F1) 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. |
| 9 | Common | Class A Common Stock | 2021-12-01 | M | A | 11,931 | $33.01 | 63,382 | D | — | — | (F1) 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. |
| 10 | Common | Class A Common Stock | 2021-12-01 | M | A | 8,975 | $31.96 | 51,451 | D | — | — | (F1) 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. |
| 11 | Common | Class A Common Stock | 2021-12-01 | C | A | 22,977 | $0.00 | 42,476 | D | — | — | (F1) 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. |
| 12 | Common | Class A Common Stock | 2021-12-01 | S | D | 6,877 | $267.41 | 62,180 | D | — | — | (F2) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $267 to $267.91 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. (F1) 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. |
| 13 | Derivative | Employee Stock Option (right to buy) | 2021-12-01 | M | D | 5,675 | $0.00 | 17,258 | D | $117.94 · — to 2030-02-21 | 5,675 Class A Common Stock | (F16) The shares subject to the stock option vest as follows: 33% of the stock option shall vest in equal quarterly installments between the first and second anniversaries of December 31, 2019, 33% of the stock option shall vest in equal quarterly installments between the second and third anniversaries of December 31, 2019 and 34% of the stock option shall vest in equal quarterly installments between the third and fourth anniversaries of December 31, 2019, subject to the Reporting Person's continued service to the Issuer through each vesting date. |
| 14 | Derivative | Class B Common Stock | 2021-12-01 | C | D | 22,977 | $0.00 | 0 | D | — · — to — | 22,977 Class A Common Stock | (F12) Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date. |
| 15 | Derivative | Class B Common Stock | 2021-12-01 | M | A | 10,957 | $0.00 | 22,977 | D | — · — to — | 10,957 Class A Common Stock | (F12) Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date. |
| 16 | Derivative | Employee Stock Option (right to buy) | 2021-12-01 | M | D | 10,957 | $0.00 | 0 | D | $10.09 · — to 2025-12-30 | 10,957 Class B Common Stock | (F13) This stock option grant became fully vested on January 15, 2020. |
| 17 | Derivative | Class B Common Stock | 2021-12-01 | M | A | 12,020 | $0.00 | 12,020 | D | — · — to — | 12,020 Class A Common Stock | (F12) Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date. |
| 18 | Derivative | Employee Stock Option (right to buy) | 2021-12-01 | M | D | 12,020 | $0.00 | 0 | D | $4.73 · — to 2024-10-28 | 12,020 Class B Common Stock | (F11) This stock option grant became fully vested on September 2, 2018. |
| 19 | Derivative | Employee Stock Option (right to buy) | 2021-12-01 | M | D | 11,931 | $0.00 | 3,849 | D | $33.01 · — to 2028-02-19 | 11,931 Class A Common Stock | (F15) The shares subject to this option vest in 48 equal monthly installments, with the first installment on March 15, 2018, subject to the Reporting Person's continued service to the Issuer through each vesting date. |
| 20 | Derivative | Employee Stock Option (right to buy) | 2021-12-01 | M | D | 8,975 | $0.00 | 0 | D | $31.96 · — to 2027-02-09 | 8,975 Class A Common Stock | (F14) This stock option grant became fully vested on January 1, 2021. |