SEC Form 4 · accession 0001127602-18-007386
TWILIO INC · TWLO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George Hu
Officer — Chief Operating Officer
Period of report
Feb 15, 2018
Accepted (ET)
Feb 20, 2018 · 7:58 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001447669
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2,F3 | Feb 15, 2018 | S | 8,820 | $30.84 | D | 92,184 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of restricted stock units. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of minimum statutory tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary sale by the reporting person.
- F2A portion of these shares represent Restricted Stock Units ("RSUs") previously reported on a Form 4 filed March 2, 2017. Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.
- F3Includes 1,004 shares acquired by the reporting person pursuant to the Issuer's 2016 Employee Stock Purchase Plan on November 15, 2017 in a transaction exempt under Rule 16b-3.