RICHARD L. DALZELL - 14 May 2021 Form 4 Insider Report for TWILIO INC (TWLO)

Role
Director
Signature
/s/ Karyn Smith as attorney in fact for Reporting Person
Issuer symbol
TWLO
Transactions as of
14 May 2021
Net transactions value
-$428,190
Form type
4
Filing time
18 May 2021, 16:28:47 UTC
Previous filing
10 May 2021
Next filing
17 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWLO Class A Common Stock Conversion of derivative security $0 +1,500 +12% $0.000000 14,436 14 May 2021 Direct F1
transaction TWLO Class A Common Stock Sale $428,190 -1,500 -10% $285.46 12,936 14 May 2021 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TWLO Employee Stock Option (right to buy) Options Exercise $0 -1,500 -1.7% $0.000000 87,000 14 May 2021 Class B Common Stock 1,500 $3.86 Direct F3, F4
transaction TWLO Class B Common Stock Options Exercise $0 +1,500 $0.000000 1,500 14 May 2021 Class A Common Stock 1,500 Direct F4
transaction TWLO Class B Common Stock Conversion of derivative security $0 -1,500 -100% $0.000000* 0 14 May 2021 Class A Common Stock 1,500 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
F2 The sales reported were executed under the Reporting Person's 10b5-1 trading plan, dated as of 6/1/2020.
F3 The shares subject to the option vested in 36 equal installments commencing on March 25, 2014. The shares subject to the option are fully vested and exercisable by the Reporting Person.
F4 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.