| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes | 
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | TWLO | Class A Common Stock | Tax liability | -$938K | -2.34K | -1.89% | $400.18* | 122K | Jun 30, 2021 | Direct | F1, F2 | 
| transaction | TWLO | Class A Common Stock | Gift | $0 | -2.38K | -1.96% | $0.00 | 119K | Jun 30, 2021 | Direct | F2, F3 | 
| transaction | TWLO | Class A Common Stock | Gift | $0 | +2.38K | +6.09% | $0.00 | 41.5K | Jun 30, 2021 | By Lawson Revocable Trust | F4, F5 | 
| Id | Content | 
|---|---|
| F1 | Represents shares of Class A common stock that were withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person in connection with the vesting of Restricted Stock Units ("RSUs"). | 
| F2 | A portion of these shares represent RSUs. Each RSU represents a contingent right to receive one share of Issuer's Class A common stock. | 
| F3 | Represents shares that were contributed by the Reporting Person to the Reporting Person's trust. | 
| F4 | Represents the shares received by the Reporting Person's trust. | 
| F5 | Erica Freeman Lawson and Jeffrey Gordon Lawson Trustees of the Lawson Revocable Trust dated 10/2/11. |