Twilio Director Receives 773 RSUs; Form 4 Shows 16,116 Shares Held

Rhea-AI Filing Summary

Twilio director Suzuki Miyuki reported a grant of 773 Restricted Stock Units (RSUs) on 09/15/2025 that vested immediately and carry a $0 per‑share purchase price because each RSU represents a contingent right to one share of Class A common stock. After the transaction the reporting person beneficially owned 16,116 shares, which includes RSUs that the reporting person has elected to defer. The Form 4 was signed by an attorney‑in‑fact on 09/17/2025. The filing discloses no cash consideration and identifies the holdings as direct beneficial ownership.

Positive

• Immediate vesting of 773 RSUs provides clear, disclosed compensation alignment between the director and shareholders
• Post‑transaction beneficial ownership of 16,116 shares is transparently reported and includes deferred RSUs

Negative

• None.

Insights

Securities Analyst

TL;DR Immediate vesting of 773 RSUs increases the director's direct stake by reported shares to 16,116, with some units deferred.

The grant of 773 RSUs that vested immediately is a compensation event rather than an open‑market purchase or sale, and the reported $0 price reflects the nature of RSUs as rights to receive shares rather than cash purchases. Inclusion of deferred RSUs in the post‑transaction beneficial ownership figure indicates the director has elected to defer settlement of some awards, which affects timing of share delivery but does not change the reported direct ownership count. The filing is limited to this compensation transaction and contains no trading activity or change in aggregate ownership beyond the grant and vesting disclosed.

Corporate Governance Expert

TL;DR This Form 4 documents a routine, immediately vested director RSU grant and reports total direct holdings of 16,116 shares including deferred units.

The disclosure is standard for equity‑based compensation to a director: 773 RSUs granted and vested on 09/15/2025 with no cash price. The report clarifies that some RSUs are deferred, which is a governance/compensation election that affects settlement timing. There are no indications of sales, pledges, or derivative positions in this filing. From a governance perspective the filing is informational and not material beyond routine compensation disclosure.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Suzuki Miyuki

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	773	$0.00	--

Holdings After Transaction: Class A Common Stock — 16,116 shares (Direct)

Footnotes (1)

1. The shares reported in this transaction represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock. The RSUs vested immediately on the date of grant. Includes RSUs that have been deferred by the Reporting Person.

Form 4 Insider Transactions: What Each Field Means →

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Suzuki Miyuki

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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	09/15/2025		A		773(1)	A	$0	16,116(2)	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. The shares reported in this transaction represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock. The RSUs vested immediately on the date of grant.

2. Includes RSUs that have been deferred by the Reporting Person.

Remarks:

	/s/ Juliana Chen as attorney-in-fact for Reporting Person	09/17/2025
	** 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 Suzuki Miyuki report on the TWLO Form 4?

Suzuki Miyuki reported a grant of 773 RSUs that vested immediately on 09/15/2025 and beneficially owns 16,116 shares following the transaction

Did the Form 4 show any sales or purchases of TWLO stock by the director?

No. The filing reports an RSU grant that vested and a $0 price consistent with RSU settlement; there are no open‑market purchases or disposals disclosed

What does the reported price of $0 mean for the RSU transaction?

$0 indicates these are restricted stock units representing the right to receive Class A shares upon settlement, not a cash purchase

Are any of the RSUs deferred by the reporting person?

Yes. The filing states the 16,116 beneficially owned shares include RSUs that have been deferred by the reporting person

When was the Form 4 signed and filed?

The form was signed by an attorney‑in‑fact on 09/17/2025