TWILIO INC — Director's Dealing 2021

Sep 8, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TWILIO INC (TWLO)
CIK: 0001447669
Period of Report: 2021-09-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-09-07	Class A Common Stock	C	25000	—	Acquired	69710	Indirect
2021-09-07	Class A Common Stock	S	397	$357.257	Disposed	69313	Indirect
2021-09-07	Class A Common Stock	S	400	$358.3075	Disposed	68913	Indirect
2021-09-07	Class A Common Stock	S	900	$359.3744	Disposed	68013	Indirect
2021-09-07	Class A Common Stock	S	1494	$360.8458	Disposed	66519	Indirect
2021-09-07	Class A Common Stock	S	4101	$362.1786	Disposed	62418	Indirect
2021-09-07	Class A Common Stock	S	1805	$362.9122	Disposed	60613	Indirect
2021-09-07	Class A Common Stock	S	700	$363.8257	Disposed	59913	Indirect
2021-09-07	Class A Common Stock	S	14103	$365.9875	Disposed	45810	Indirect
2021-09-07	Class A Common Stock	S	700	$367.0421	Disposed	45110	Indirect
2021-09-07	Class A Common Stock	S	400	$367.8975	Disposed	44710	Indirect
2021-09-07	Class A Common Stock	C	3000	—	Acquired	3000	Indirect
2021-09-07	Class A Common Stock	S	3000	$365.99	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-09-07	Class B Common Stock	$	C	25000	Disposed		Class A Common Stock (25000.0)	Indirect
2021-09-07	Class B Common Stock	$	C	3000	Disposed		Class A Common Stock (3000.0)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	112843	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 9/6/2021.

F3: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $357.0000 to $357.6200 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 $358.0000 to $358.4100 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 $359.0100 to $359.9400 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 $360.1200 to $361.1100 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 $361.5400 to $362.5200 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 $362.5400 to $363.5000 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: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $363.6900 to $364.3334 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.

F10: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $365.6000 to $366.0000 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.

F11: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $366.6500 to $367.5650 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.

F12: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $367.7400 to $368.1900 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.

F13: JP Morgan Trust Company of Delaware Trustee U/A 12/29/14 Lawson 2014 Irrevocable Trust.

F14: 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.

F15: 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.