Twilio (NYSE: TWLO) CEO trims stake under 10b5-1 trading plan

Rhea-AI Filing Summary

Twilio Inc. Chief Executive Officer Khozema Shipchandler sold a total of 15,715 shares of the company’s Class A common stock in open-market transactions on April 6, 2026. The sales were made under his Rule 10b5-1 trading plan dated February 24, 2025.

The reported weighted average sale prices ranged from $131.49 to $135.135 per share across multiple trades. Following these transactions, Shipchandler directly holds 235,542 shares of Twilio Class A common stock.

Insider Trade Summary 10b5-1

Net Seller: 15,715 shares ($2,096,193)

Net Sell 4 txns

Insider Shipchandler Khozema

Role Chief Executive Officer

Sold 15,715 shs ($2.10M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	2,800	$131.9307	$369K
Sale	Class A Common Stock	5,315	$133.0532	$707K
Sale	Class A Common Stock	5,500	$133.8302	$736K
Sale	Class A Common Stock	2,100	$135.0205	$284K

Holdings After Transaction: Class A Common Stock — 248,457 shares (Direct)

Footnotes (1)

1. The sales reported were executed under the Reporting Person's 10b5-1 trading plan, dated as of 2/24/2025. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $131.49 to $132.44 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. A portion of these shares represent RSUs. Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $132.52 to $133.50 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. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $133.53 to $134.365 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. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $134.595 to $135.135 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.

Key Figures

Total shares sold: 15,715 shares Post-transaction holdings: 235,542 shares Sale block 1: 2,800 shares at $131.9307 +4 more

7 metrics

Total shares sold 15,715 shares Open-market sales on April 6, 2026

Post-transaction holdings 235,542 shares Class A common stock held directly after sales

Sale block 1 2,800 shares at $131.9307 Class A common stock, open-market sale

Sale block 2 5,315 shares at $133.0532 Class A common stock, open-market sale

Sale block 3 5,500 shares at $133.8302 Class A common stock, open-market sale

Sale block 4 2,100 shares at $135.0205 Class A common stock, open-market sale

Overall price range $131.49–$135.135 per share Weighted average sale price ranges across trades

Key Terms

Rule 10b5-1 trading plan, weighted average price, RSUs, Class A Common Stock

4 terms

Rule 10b5-1 trading plan financial

"The sales reported were executed under the Reporting Person's 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average price financial

"The reported price in Column 4 is a weighted average price"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

RSUs financial

"A portion of these shares represent RSUs. Each RSU represents a contingent right"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

Class A Common Stock financial

"security_title: Class A Common Stock in each reported transaction"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

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).

X

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^*

Shipchandler Khozema

(Last) (First) (Middle)

101 SPEAR STREET, FIFTH FLOOR

(Street)

SAN FRANCISCO CALIFORNIA 94105

(City) (State) (Zip)

UNITED STATES

(Country)

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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/06/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	04/06/2026		S(1)		2,800	D	$131.9307(2)	248,457(3)	D
Class A Common Stock	04/06/2026		S(1)		5,315	D	$133.0532(4)	243,142(3)	D
Class A Common Stock	04/06/2026		S(1)		5,500	D	$133.8302(5)	237,642(3)	D
Class A Common Stock	04/06/2026		S(1)		2,100	D	$135.0205(6)	235,542(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. The sales reported were executed under the Reporting Person's 10b5-1 trading plan, dated as of 2/24/2025.

2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $131.49 to $132.44 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 the 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 $132.52 to $133.50 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 $133.53 to $134.365 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.

6. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $134.595 to $135.135 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	04/08/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

How many Twilio (TWLO) shares did CEO Khozema Shipchandler sell?

Khozema Shipchandler sold a total of 15,715 shares of Twilio Class A common stock. The sales occurred on April 6, 2026 in multiple open-market transactions executed under a pre-established Rule 10b5-1 trading plan.

At what prices did the Twilio (TWLO) CEO sell his shares?

The CEO’s reported weighted average sale prices ranged from $131.49 to $135.135 per share. Individual trades occurred within several narrower price bands, with detailed price breakdowns available upon request from the issuer or the Securities and Exchange Commission staff.

How many Twilio (TWLO) shares does CEO Khozema Shipchandler hold after the sale?

After the reported transactions, Khozema Shipchandler directly holds 235,542 shares of Twilio Class A common stock. This post-transaction holding reflects his remaining direct equity stake following the April 6, 2026 open‑market sales disclosed in the Form 4 filing.

Were Khozema Shipchandler’s Twilio (TWLO) share sales pre-planned?

Yes. The filing states that the sales were executed under Khozema Shipchandler’s Rule 10b5-1 trading plan dated February 24, 2025. Such plans allow insiders to schedule future trades in advance, providing structure and reducing concerns about trade timing decisions.

What type of Twilio (TWLO) security did the CEO sell in this Form 4?

All reported transactions involved Class A common stock of Twilio Inc. Some of the CEO’s holdings include RSUs, where each restricted stock unit represents a contingent right to receive one share of Class A common stock upon satisfaction of vesting conditions.

How many separate sale transactions did the Twilio (TWLO) CEO report?

The Form 4 reports four separate non-derivative sale transactions on April 6, 2026. Each transaction reflects a different block of Class A common stock sold at a distinct weighted average price, with share counts ranging from 2,100 to 5,500 shares per block.