STOCK TITAN

[Form 4] TWILIO INC Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Twilio Inc. Chief Financial Officer Aidan Viggiano reported sell-to-cover transactions related to vested restricted stock units on 09/30/2025. The Form 4 shows three disposals of Class A common stock totaling 8,363 shares sold at weighted-average prices of $99.1795, $100.4469, and $101.0708, respectively, to satisfy statutory tax withholding on RSU vesting. After these transactions the reporting person beneficially owned 137,653 Class A shares directly. The filings state the sales were mandated under the issuer's equity plan and were not discretionary sales by the reporting person.

Il direttore finanziario di Twilio Inc., Aidan Viggiano, ha comunicato operazioni di vendita per copertura relative a unità azionarie ristrette vestite al 09/30/2025. Il Form 4 mostra tre cessioni di azioni ordinarie di classe A per un totale di 8.363 azioni vendute ai prezzi medi ponderati di $99,1795, $100,4469 e $101,0708, rispettivamente, per soddisfare le ritenute fiscali statutarie sull vesting delle RSU. Dopo queste operazioni, la persona riferente detiene beneficiariamente direttamente 137.653 azioni di classe A. Le dichiarazioni indicano che le vendite sono state obbligate dal piano azionario dell’emittente e non si trattava di vendite discrezionali da parte della persona riportante.

El director financiero de Twilio Inc., Aidan Viggiano, informó transacciones de venta para cubrir relativos a unidades restringidas vestidas al 09/30/2025. El Formulario 4 muestra tres cesiones de acciones comunes de clase A por un total de 8.363 acciones vendidas a precios medios ponderados de $99,1795, $100,4469 y $101,0708, respectivamente, para satisfacer las retenciones fiscales obligatorias por la vesting de RSU. Después de estas operaciones la persona reportante posee beneficiariamente directamente 137.653 acciones clase A. Los archivos señalan que las ventas fueron mandatadas por el plan de acciones del emisor y no fueron ventas discretas por parte de la persona reportante.

Twilio Inc.의 최고재무책임자 Aidan Viggiano은 취득된 RSU의 세법상 의무 보류를 충당하기 위한 매도-커버 거래를 2025년 9월 30일에 보고했습니다. Form 4에 따르면 8,363주의 A형 일반주식이 가중평균가 $99.1795, $100.4469, $101.0708로 각각 매각되었고, RSU의 vesting에 따른 세금 원천징수를 충당하기 위함이라고 합니다. 이러한 거래 이후 보고자는 137,653주의 A형 주식을 직접 유익하게 소유하게 되었습니다. 보고서는 이 매도가 발행사의 주식계획에 따라 의무적으로 이루어졌으며 보고자의 재량 매도가 아니었다고 명시합니다.

Le directeur financier de Twilio Inc., Aidan Viggiano, a signalé des transactions de vente pour couverture liées à des restricted stock units acquises au 09/30/2025. Le Formulaire 4 montre trois cessations d’actions ordinaires de classe A pour un total de 8 363 actions vendues à des prix moyens pondérés de $99,1795, $100,4469, et $101,0708, respectivement, pour satisfaire les retenues fiscales obligatoires sur l’acquisition des RSU. Après ces transactions, la personne déclarant détenait directement 137 653 actions de classe A. Les dépôts indiquent que les ventes ont été mandatées par le plan d’équité de l’émetteur et n’étaient pas des ventes discrétionnaires de la part de la personne déclarant.

Der Chief Financial Officer von Twilio Inc., Aidan Viggiano, meldete Sell-to-Cover-Transaktionen im Zusammenhang mit vesteten Restricted Stock Units am 09/30/2025. Das Formular 4 zeigt drei Veräußerungen von Class-A-Stammaktien im Gesamtumfang von 8.363 Aktien, verkauft zu gewichteten Durchschnittspreisen von $99,1795, $100,4469 und $101,0708, jeweils, um gesetzliche Steuern auf RSU-Vesting zu decken. Nach diesen Transaktionen hielt die meldende Person direkt 137.653 Class-A-Aktien vorteilhaft. Die Einreichungen geben an, dass die Verkäufe gemäß dem Aktienplan des Emittenten vorgeschrieben waren und keine dispositiven Verkäufe durch die meldende Person darstellten.

أبلغ المدير المالي لشركة Twilio Inc., أيدن فيجيانو، عن معاملات بيع-للغطاء تتعلق بوحدات الأسهم المقيدة المورَثة المعتمدة في 30/09/2025. يظهر النموذج 4 ثلاث عمليات تصرف في أسهم من فئة أ إجماليها 8,363 سهماً بيعت بأسعار متوسطة وزنية قدرها $99,1795، $100,4469، و$101,0708 على التوالي، لتلبية أقساط الضرائب القانونية على vesting RSU. بعد هذه المعاملات امتلك الشخص المبلغ عنه بحقوق مباشرة مقدار 137,653 سهماً من فئة أ. تشير التسجيلات إلى أن البيع كان مفروضاً بموجب خطة الأسهم الخاصة بالجهة المصدرة وليس بيعاً تقديرياً من جانب الشخص المبلغ.

Twilio Inc. 的首席财务官 Aidan Viggiano 报告了与已归属受限股票单位相关的为覆盖而出售的交易,日期为 2025/09/30。 Form 4 显示三笔 Class A 普通股的处置,总计 8,363 股,以加权平均价格 $99.1795$100.4469、以及 $101.0708 出售,以满足 RSU 授豁的法定税款扣缴。完成这些交易后,该报告人直接持有 137,653 股 Class A 股。 filings 指出这些销售是依据发行人的股票计划强制执行的,而不是该报告人自行裁量的销售。

Positive
  • Sales were mandated as sell-to-cover for RSU tax withholding, not discretionary disposals
  • Reporting person retains 137,653 Class A shares after transactions
Negative
  • Total of 8,363 shares sold on 09/30/2025, reducing insider holdings
  • Weighted-average sale prices ranged around $99.18–$101.07, realized value removed from insider position

Insights

Insider sales were non-discretionary, tied to RSU tax withholding.

The Form 4 discloses three sell-to-cover transactions executed on 09/30/2025 that together disposed of 8,363 shares. The filing explicitly states these sales were mandated to satisfy statutory tax withholding and not discretionary sales by the CFO.

This matters for governance because mandated sell-to-cover activity typically reflects routine compensation settlement rather than a voluntary decision to liquidate holdings, reducing the likelihood that the transactions signal a change in insider sentiment.

RSU vesting triggered weighted-average sales around $100 per share.

The reported weighted-average prices ranged from $99.1795 to $101.0708, indicating the sell-to-cover proceeds were executed across multiple trades. The footnotes confirm portions of the shares originated as RSUs.

For investors tracking dilution or insider holdings, note the reporting person still holds 137,653 Class A shares after the transactions; the filing does not disclose any option/derivative activity.

Il direttore finanziario di Twilio Inc., Aidan Viggiano, ha comunicato operazioni di vendita per copertura relative a unità azionarie ristrette vestite al 09/30/2025. Il Form 4 mostra tre cessioni di azioni ordinarie di classe A per un totale di 8.363 azioni vendute ai prezzi medi ponderati di $99,1795, $100,4469 e $101,0708, rispettivamente, per soddisfare le ritenute fiscali statutarie sull vesting delle RSU. Dopo queste operazioni, la persona riferente detiene beneficiariamente direttamente 137.653 azioni di classe A. Le dichiarazioni indicano che le vendite sono state obbligate dal piano azionario dell’emittente e non si trattava di vendite discrezionali da parte della persona riportante.

El director financiero de Twilio Inc., Aidan Viggiano, informó transacciones de venta para cubrir relativos a unidades restringidas vestidas al 09/30/2025. El Formulario 4 muestra tres cesiones de acciones comunes de clase A por un total de 8.363 acciones vendidas a precios medios ponderados de $99,1795, $100,4469 y $101,0708, respectivamente, para satisfacer las retenciones fiscales obligatorias por la vesting de RSU. Después de estas operaciones la persona reportante posee beneficiariamente directamente 137.653 acciones clase A. Los archivos señalan que las ventas fueron mandatadas por el plan de acciones del emisor y no fueron ventas discretas por parte de la persona reportante.

Twilio Inc.의 최고재무책임자 Aidan Viggiano은 취득된 RSU의 세법상 의무 보류를 충당하기 위한 매도-커버 거래를 2025년 9월 30일에 보고했습니다. Form 4에 따르면 8,363주의 A형 일반주식이 가중평균가 $99.1795, $100.4469, $101.0708로 각각 매각되었고, RSU의 vesting에 따른 세금 원천징수를 충당하기 위함이라고 합니다. 이러한 거래 이후 보고자는 137,653주의 A형 주식을 직접 유익하게 소유하게 되었습니다. 보고서는 이 매도가 발행사의 주식계획에 따라 의무적으로 이루어졌으며 보고자의 재량 매도가 아니었다고 명시합니다.

Le directeur financier de Twilio Inc., Aidan Viggiano, a signalé des transactions de vente pour couverture liées à des restricted stock units acquises au 09/30/2025. Le Formulaire 4 montre trois cessations d’actions ordinaires de classe A pour un total de 8 363 actions vendues à des prix moyens pondérés de $99,1795, $100,4469, et $101,0708, respectivement, pour satisfaire les retenues fiscales obligatoires sur l’acquisition des RSU. Après ces transactions, la personne déclarant détenait directement 137 653 actions de classe A. Les dépôts indiquent que les ventes ont été mandatées par le plan d’équité de l’émetteur et n’étaient pas des ventes discrétionnaires de la part de la personne déclarant.

Der Chief Financial Officer von Twilio Inc., Aidan Viggiano, meldete Sell-to-Cover-Transaktionen im Zusammenhang mit vesteten Restricted Stock Units am 09/30/2025. Das Formular 4 zeigt drei Veräußerungen von Class-A-Stammaktien im Gesamtumfang von 8.363 Aktien, verkauft zu gewichteten Durchschnittspreisen von $99,1795, $100,4469 und $101,0708, jeweils, um gesetzliche Steuern auf RSU-Vesting zu decken. Nach diesen Transaktionen hielt die meldende Person direkt 137.653 Class-A-Aktien vorteilhaft. Die Einreichungen geben an, dass die Verkäufe gemäß dem Aktienplan des Emittenten vorgeschrieben waren und keine dispositiven Verkäufe durch die meldende Person darstellten.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Viggiano Aidan

(Last) (First) (Middle)
101 SPEAR STREET, FIFTH FLOOR

(Street)
SAN FRANCISCO CA 94105

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TWILIO INC [ TWLO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 09/30/2025 S 1,052(1) D $99.1795(2) 144,964(3) D
Class A Common Stock 09/30/2025 S 3,294(1) D $100.4469(4) 141,670(3) D
Class A Common Stock 09/30/2025 S 4,017(1) D $101.0708(5) 137,653(3) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of Restricted Stock Units ("RSUs"). 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.
2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.59 to $99.57 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.
3. A portion of these shares represent RSUs. Each RSU represents a contingent right to receive one share of Issuer's Class A common stock.
4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $99.73 to $100.71 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.
5. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.74 to $101.72 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.
Remarks:
/s/ Juliana Chen as attorney-in-fact for Reporting Person 10/02/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did TWLO CFO Aidan Viggiano report on Form 4?

The Form 4 reports mandated sell-to-cover transactions related to vested RSUs executed on 09/30/2025, disposing of 8,363 Class A shares.

How many shares did the reporting person sell and at what prices?

Three disposals totaling 8,363 shares were reported at weighted-average prices of $99.1795, $100.4469, and $101.0708.

Did the Form 4 indicate these were discretionary sales?

No. The filing states the sales were required by the issuer's equity plan to satisfy statutory tax withholding and were not discretionary.

How many TWLO shares does the reporting person own after the transactions?

After the reported transactions the reporting person beneficially owned 137,653 Class A shares.

Were any derivative securities reported on this Form 4?

No derivative securities or option exercises are reported; Table II contains no entries for derivatives.
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