TWILIO INC — Director's Dealing 2021

Mar 17, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TWILIO INC (TWLO)
CIK: 0001447669
Period of Report: 2021-03-15

Reporting Person: DALZELL RICHARD L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-15	Class A Common Stock	C	1500	—	Acquired	14436	Direct
2021-03-15	Class A Common Stock	S	1500	$366.68	Disposed	12936	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-15	Employee Stock Option (right to buy)	$3.86	M	1500	Disposed	2024-03-24	Class B Common Stock (1500.0)	Direct
2021-03-15	Class B Common Stock	$	M	1500	Acquired		Class A Common Stock (1500.0)	Direct
2021-03-15	Class B Common Stock	$	C	1500	Disposed		Class A Common Stock (1500.0)	Direct

Footnotes

F1: 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.

F2: The sales reported were executed under the Reporting Person's 10b5-1 trading plan, dated as of 6/1/2020.

F3: The shares subject to the option vested in 36 equal installments commencing on March 25, 2014. The shares subject to the option are fully vested and exercisable by the Reporting Person.

F4: 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.