Filing Details
- Accession Number:
- 0001447669-21-000288
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-12-03 17:24:34
- Reporting Period:
- 2021-12-01
- Accepted Time:
- 2021-12-03 17:24:34
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1447669 | Twilio Inc | TWLO | Services-Prepackaged Software (7372) | 262574840 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1665730 | Karyn Smith | C/O Twilio Inc. 101 Spear Street, First Floor San Francisco CA 94105 | General Counsel And Secretary | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Acquisiton | 2021-12-01 | 22,977 | $0.00 | 42,476 | No | 4 | C | Direct | |
| Class A Common Stock | Acquisiton | 2021-12-01 | 8,975 | $31.96 | 51,451 | No | 4 | M | Direct | |
| Class A Common Stock | Acquisiton | 2021-12-01 | 11,931 | $33.01 | 63,382 | No | 4 | M | Direct | |
| Class A Common Stock | Acquisiton | 2021-12-01 | 5,675 | $117.94 | 69,057 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2021-12-01 | 6,877 | $267.41 | 62,180 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2021-12-01 | 2,071 | $268.30 | 60,109 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2021-12-01 | 9,593 | $272.38 | 50,516 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2021-12-01 | 4,400 | $273.58 | 46,116 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2021-12-01 | 3,221 | $274.61 | 42,895 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2021-12-01 | 7,406 | $275.69 | 35,489 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2021-12-01 | 5,080 | $276.77 | 30,409 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2021-12-01 | 1,000 | $277.34 | 29,409 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | C | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | 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
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class B Common Stock | Employee Stock Option (right to buy) | Disposition | 2021-12-01 | 12,020 | $0.00 | 12,020 | $4.73 |
| Class A Common Stock | Class B Common Stock | Acquisiton | 2021-12-01 | 12,020 | $0.00 | 12,020 | $0.00 |
| Class B Common Stock | Employee Stock Option (right to buy) | Disposition | 2021-12-01 | 10,957 | $0.00 | 10,957 | $10.09 |
| Class A Common Stock | Class B Common Stock | Acquisiton | 2021-12-01 | 10,957 | $0.00 | 10,957 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2021-12-01 | 22,977 | $0.00 | 22,977 | $0.00 |
| Class A Common Stock | Employee Stock Option (right to buy) | Disposition | 2021-12-01 | 8,975 | $0.00 | 8,975 | $31.96 |
| Class A Common Stock | Employee Stock Option (right to buy) | Disposition | 2021-12-01 | 11,931 | $0.00 | 11,931 | $33.01 |
| Class A Common Stock | Employee Stock Option (right to buy) | Disposition | 2021-12-01 | 5,675 | $0.00 | 5,675 | $117.94 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2024-10-28 | No | 4 | M | Direct | |
| 12,020 | No | 4 | M | Direct | ||
| 0 | 2025-12-30 | No | 4 | M | Direct | |
| 22,977 | No | 4 | M | Direct | ||
| 0 | No | 4 | C | Direct | ||
| 0 | 2027-02-09 | No | 4 | M | Direct | |
| 3,849 | 2028-02-19 | No | 4 | M | Direct | |
| 17,258 | 2030-02-21 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Class A Common Stock | 5,101 | Indirect | By The Karyn Smith Revocable Trust |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Employee Stock Option (right to buy) | $111.32 | 2029-01-30 | 18,040 | 18,040 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2029-01-30 | 18,040 | 18,040 | Direct |
Footnotes
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- The Karyn Smith Revocable Trust U/A/D 9/15/06 Amended 12/23/11, Karyn Smith Trustee.
- This stock option grant became fully vested on September 2, 2018.
- 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.
- This stock option grant became fully vested on January 15, 2020.
- This stock option grant became fully vested on January 1, 2021.
- 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.
- 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.
- The stock option shall vest 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.
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