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Form 144 highlights for Twilio Inc. (TWLO):
- An affiliated holder, identified as Khozema Shipchandler, has filed to sell 7,000 common shares through Charles Schwab & Co. on or about 30 June 2025.
- The proposed sale represents a market value of $872,011 versus 152.7 million shares outstanding, or roughly 0.005% of shares outstanding.
- The shares were acquired via equity-compensation restricted-stock lapses on 5 June 2020 (1,956 shares) and 31 Dec 2023 (5,044 shares).
- Recent insider activity: the same seller disposed of 12,056 shares on 31 Mar 2025 for $1.16 million and 14,545 shares on 3 Apr 2025 for $1.33 million.
- No adverse information about Twilio’s operations is disclosed; the filer attests to possessing no non-public material adverse data.
The filing is a compliance notice rather than a corporate action and does not change Twilio’s fundamentals, but sustained insider selling can influence investor sentiment.