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Filing Details

Accession Number:: 0001447669-21-000006
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-01-05 19:47:58
Reporting Period:: 2020-12-31

Accepted Time:: 2021-01-05 19:47:58
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1447669	Twilio Inc	TWLO	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1386396	George Hu	C/O Twilio Inc. 101 Spear Street, First Floor San Francisco CA 94105	Chief Operating Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Disposition	2020-12-31	833	$340.74	120,588	No	4	S	Direct
Class A Common Stock	Disposition	2020-12-31	1,817	$341.97	118,771	No	4	S	Direct
Class A Common Stock	Disposition	2020-12-31	1,609	$343.02	117,162	No	4	S	Direct
Class A Common Stock	Disposition	2020-12-31	1,266	$344.34	115,896	No	4	S	Direct
Class A Common Stock	Disposition	2020-12-31	200	$344.75	115,696	No	4	S	Direct
Class A Common Stock	Acquisiton	2020-12-31	5,000	$31.72	120,696	No	4	M	Direct
Class A Common Stock	Disposition	2020-12-31	200	$342.73	120,496	No	4	S	Direct
Class A Common Stock	Disposition	2020-12-31	700	$344.08	119,796	No	4	S	Direct
Class A Common Stock	Disposition	2020-12-31	350	$345.02	119,446	No	4	S	Direct
Class A Common Stock	Disposition	2020-12-31	2,175	$346.35	117,271	No	4	S	Direct
Class A Common Stock	Disposition	2020-12-31	1,175	$346.87	116,096	No	4	S	Direct
Class A Common Stock	Disposition	2020-12-31	100	$347.69	115,996	No	4	S	Direct
Class A Common Stock	Disposition	2020-12-31	150	$349.05	115,846	No	4	S	Direct
Class A Common Stock	Disposition	2020-12-31	150	$350.55	115,696	No	4	S	Direct
Class A Common Stock	Acquisiton	2021-01-04	5,000	$31.72	120,696	No	4	M	Direct
Class A Common Stock	Disposition	2021-01-04	300	$331.81	120,396	No	4	S	Direct
Class A Common Stock	Disposition	2021-01-04	600	$332.97	119,796	No	4	S	Direct
Class A Common Stock	Disposition	2021-01-04	750	$334.15	119,046	No	4	S	Direct
Class A Common Stock	Disposition	2021-01-04	1,297	$335.32	117,749	No	4	S	Direct
Class A Common Stock	Disposition	2021-01-04	1,080	$336.47	116,669	No	4	S	Direct
Class A Common Stock	Disposition	2021-01-04	273	$337.56	116,396	No	4	S	Direct
Class A Common Stock	Disposition	2021-01-04	650	$338.88	115,746	No	4	S	Direct
Class A Common Stock	Disposition	2021-01-04	50	$339.56	115,696	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Employee Stock Option (right to buy)	Disposition	2020-12-31	5,000	$0.00	5,000	$31.72
Class A Common Stock	Employee Stock Option (right to buy)	Disposition	2021-01-04	5,000	$0.00	5,000	$31.72

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
60,443		2024-02-27	No	4	M	Direct
55,443		2024-02-27	No	4	M	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Employee Stock Option (right to buy)	$31.72	2024-02-27	185,000	185,000	Direct
Class A Common Stock	Employee Stock Option (right to buy)	$31.72	2024-02-27	185,000	185,000	Direct
Class A Common Stock	Employee Stock Option (right to buy)	$31.72	2024-02-27	185,000	185,000	Direct
Class A Common Stock	Employee Stock Option (right to buy)	$33.01	2028-02-19	96,214	96,214	Direct
Class A Common Stock	Employee Stock Option (right to buy)	$111.32	2029-01-30	73,798	73,798	Direct
Class A Common Stock	Employee Stock Option (right to buy)	$117.94	2030-02-21	58,559	58,559	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2024-02-27	185,000	185,000	Direct
2024-02-27	185,000	185,000	Direct
2024-02-27	185,000	185,000	Direct
2028-02-19	96,214	96,214	Direct
2029-01-30	73,798	73,798	Direct
2030-02-21	58,559	58,559	Direct

Footnotes

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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $340.465 to $341.30 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.
A portion of these shares represent RSUs. Each RSU represents a contingent right to receive one share of Issuer's Class A common stock.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $341.50 to $342.44 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $342.545 to $343.22 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $343.70 to $344.6825 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $344.73 to $344.76 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.
The sales reported were executed under the Reporting Person's 10b5-1 trading plan, dated as of 9/6/2020.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $342.34 to $343.255 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $343.50 to $344.48 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $344.51 to $345.30 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $345.60 to $346.575 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $346.61 to $347.60 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $347.61 to $347.77 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $348.79 to $349.56 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $350.00 to $350.82 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $331.48 to $332.11 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $332.50 to $333.49 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $333.76 to $334.63 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $334.76 to $335.73 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $335.95 to $336.92 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $337.04 to $338.00 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $338.36 to $339.14 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.
The shares subject to the stock option vest as follows: 25% of the stock option vested on February 28, 2018 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.
The shares subject to the stock option vest as follows: 50% of the stock option vested on March 31, 2018 and the remaining shares subject to the stock option shall vest in 24 equal monthly installments thereafter, subject to the Reporting Person's continued service to the Issuer through each vesting date.
The shares subject to the stock option vest as follows: 50% of the stock option vested on June 30, 2019 and the remaining shares subject to the stock option shall vest in 24 equal monthly installments thereafter, subject to the Reporting Person's continued service to the Issuer through each vesting date.
The shares subject to the stock option vest as follows: 50% of the stock option vested on December 31, 2018 and the remaining shares subject to the stock option shall vest in 24 equal monthly installments thereafter, subject to the Reporting Person's continued service to the Issuer through each vesting date.
The shares subject to this stock option vest in 48 equal monthly installments, with the first installment on March 15, 2018, subject to the Reporting Person's continuous service to the Issuer through each vesting date.
The stock option vests as follows: 33% of the stock option shall vest on December 31, 2020, 33% of the stock option shall vest on December 31, 2021 and 34% of the stock option shall vest on December 31, 2022, subject to the Reporting Person's continued service to the Issuer through each vesting date.
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.