Twilio CEO sells 13,881 shares in June 30 trades
Twilio Inc. Chief Executive Officer Khozema Shipchandler reported multiple open-market sales of Class A common stock.
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Form Type
4
Rhea-AI Filing Summary
Twilio Inc. Chief Executive Officer Khozema Shipchandler reported multiple open-market sales of Class A common stock. On June 30, 2026, he sold a total of 13,881 shares in several transactions at prices around $200 per share.
According to a footnote, certain shares were sold to cover statutory tax withholding obligations tied to vesting restricted stock units under Twilio’s equity incentive plans, meaning those sales were not fully discretionary. After these transactions, Shipchandler directly holds 221,661 shares of Twilio Class A common stock.
Insider Trade Summary
Net Seller: 13,881 shares
Net Sell
6 txns
Insider
Shipchandler Khozema
Role
Chief Executive Officer
Sold
13,881 shs ($2.79M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,950 | $199.2362 | $389K |
| Sale | Class A Common Stock | 3,231 | $200.2039 | $647K |
| Sale | Class A Common Stock | 4,286 | $201.2606 | $863K |
| Sale | Class A Common Stock | 1,560 | $202.4916 | $316K |
| Sale | Class A Common Stock | 2,780 | $203.1482 | $565K |
| Sale | Class A Common Stock | 74 | $203.885 | $15K |
Holdings After Transaction:
Class A Common Stock — 221,661 shares (Direct)
Footnotes (7)
- F1. 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.
- F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $198.7850 to $199.64 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.
- F3. 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.
- F4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $199.78 to $200.7150 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.
- F5. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $200.8150 to $201.7450 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.
- F6. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $201.84 to $202.8350 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.
- F7. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $202.85 to $203.66 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
Shares sold: 13,881 shares
Highest reported sale price: $203.8850 per share
Lowest price range bound: $198.7850 per share
+3 more
6 metrics
Shares sold
13,881 shares
Total net shares sold on June 30, 2026
Highest reported sale price
$203.8850 per share
Weighted average price for one sale tranche
Lowest price range bound
$198.7850 per share
Lower end of disclosed sale price ranges
Post-transaction holdings
221,661 shares
Class A shares directly owned after reported sales
Individual trade sizes
74 to 4,286 shares
Range of share counts per reported sale
Net buy/sell direction
-13,881 shares
Net-sell across all reported June 30 transactions
Key Terms
Restricted Stock Units ("RSUs"), sell-to-cover, weighted average price, equity incentive plans, +1 more
5 terms
Restricted Stock Units ("RSUs") financial
"in connection with the vesting of Restricted Stock Units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
sell-to-cover financial
"to be funded by a "sell-to-cover" transaction and does not represent"
Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.
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.
equity incentive plans financial
"mandated by the Issuer's election under its equity incentive plans"
Equity incentive plans are company programs that pay employees, executives, or directors with company stock, stock options, or share units instead of or in addition to cash, aiming to align their interests with shareholders—like giving team members a stake in the house they help build. For investors this matters because such plans can motivate better company performance but also dilute existing ownership and increase reported compensation costs, so they affect future earnings, voting power, and share value.
open market or private transaction financial
"Sale in open market or private transaction"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Twilio (TWLO) disclose for its CEO?
Twilio disclosed that CEO Khozema Shipchandler reported open-market sales of 13,881 shares of Class A common stock. The trades occurred on June 30, 2026, across multiple price points, and were detailed in a Form 4 insider transaction filing.
What does the Form 4 say about the nature of Twilio (TWLO) CEO’s June 30 trades?
Each transaction is coded as an open-market sale of non-derivative Class A common stock. A key footnote clarifies that shares sold to satisfy RSU tax withholding obligations were mandated by Twilio’s equity plans, differentiating them from fully discretionary portfolio sales.
Were the Twilio (TWLO) CEO’s June 30, 2026 sales linked to options or derivatives?
No derivative exercises are shown in the summary; all reported trades involve non-derivative Class A common stock. The filing’s derivative position summary is empty, indicating no option or other derivative transactions were reported in connection with these June 30, 2026 sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
