Jeff Lawson - 22 Feb 2023 Form 4 Insider Report for TWILIO INC (TWLO)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Sarah DiLorenzo as attorney in fact for Reporting Person
Issuer symbol
TWLO
Transactions as of
22 Feb 2023
Net transactions value
-$2,426,087
Form type
4
Filing time
24 Feb 2023, 16:39:42 UTC
Previous filing
01 Apr 2022
Next filing
27 Feb 2023
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 Award $0 +78,023 +55% $0.000000 220,520 22 Feb 2023 Direct F1, F2
transaction TWLO Class A Common Stock Tax liability $2,426,087 -36,488 -17% $66.49 184,032 22 Feb 2023 Direct F2, F3
holding TWLO Class A Common Stock 68,316 22 Feb 2023 By Lawson Revocable Trust F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class A common stock issued upon settlement of performance-based restricted stock units ("PSUs") granted to the Reporting Person on March 21, 2022, which PSUs vested on February 22, 2023 upon certification by the Issuer's Compensation and Talent Management Committee that the applicable performance criteria was achieved.
F2 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.
F3 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 PSUs.
F4 Erica Freeman Lawson and Jeffrey Gordon Lawson Trustees of the Lawson Revocable Trust dated 10/2/11.