TWILIO INC — Director's Dealing 2021

Oct 6, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TWILIO INC (TWLO)
CIK: 0001447669
Period of Report: 2021-10-04

Reporting Person: Lawson Jeff (Director, Chief Executive Officer, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-10-04	Class A Common Stock	C	12500	—	Acquired	59591	Indirect
2021-10-04	Class A Common Stock	S	3534	$315.1895	Disposed	56057	Indirect
2021-10-04	Class A Common Stock	S	675	$316.2026	Disposed	55382	Indirect
2021-10-04	Class A Common Stock	S	2220	$317.176	Disposed	53162	Indirect
2021-10-04	Class A Common Stock	S	1075	$318.2568	Disposed	52087	Indirect
2021-10-04	Class A Common Stock	S	1035	$319.4013	Disposed	51052	Indirect
2021-10-04	Class A Common Stock	S	3858	$320.6118	Disposed	47194	Indirect
2021-10-04	Class A Common Stock	S	103	$321.405	Disposed	47091	Indirect
2021-10-04	Class A Common Stock	C	1500	—	Acquired	1500	Indirect
2021-10-04	Class A Common Stock	S	1500	$320.57	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-10-04	Class B Common Stock	$	C	12500	Disposed		Class A Common Stock (12500.0)	Indirect
2021-10-04	Class B Common Stock	$	C	1500	Disposed		Class A Common Stock (1500.0)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	108119	Direct

Footnotes

F1: Erica Freeman Lawson and Jeffrey Gordon Lawson Trustees of the Lawson Revocable Trust dated 10/2/11.

F2: The sales reported were executed under the Reporting Person's 10b5-1 trading plan, dated as of 6/7/2021.

F3: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $314.63 to $315.56 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.

F4: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $315.72 to $316.67 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.

F5: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $316.955 to $317.5 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.

F6: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $318.01 to $318.675 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.

F7: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $319.07 to $319.77 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.

F8: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $320.36 to $321.2 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.

F9: JP Morgan Trust Company of Delaware Trustee U/A 12/29/14 Lawson 2014 Irrevocable Trust.

F10: 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.

F11: 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.