Twilio director trust sells 2,000 shares
Twilio Inc. director Erika Rottenberg, through The Erika Rottenberg Revocable Trust, completed an open-market sale of 2,000 shares of Class A common stock at a weighted average price of $199.0075 per share.
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Form Type
4
Rhea-AI Filing Summary
Twilio Inc. director Erika Rottenberg, through The Erika Rottenberg Revocable Trust, completed an open-market sale of 2,000 shares of Class A common stock at a weighted average price of $199.0075 per share. The transaction was executed under a Rule 10b5-1 trading plan dated December 10, 2025. Following this sale, the trust holds 30,995 shares of Twilio Class A common stock.
Insider Trade Summary 10b5-1
Net Seller: 2,000 shares
Net Sell
1 txn
Insider
ROTTENBERG ERIKA
Role
Director
Sold
2,000 shs ($398K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 2,000 | $199.0075 | $398K |
Holdings After Transaction:
Class A Common Stock — 30,995 shares (Indirect, By Trust)
Footnotes (3)
- F1. The sales reported were executed under the Reporting Person's 10b5-1 trading plan, dated as of 12/10/2025.
- F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $199.00 to $199.075 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. Shares are held by The Erika Rottenberg Revocable Trust.
Key Figures
Shares sold: 2,000 shares
Weighted average sale price: $199.0075 per share
Shares held after sale: 30,995 shares
+2 more
5 metrics
Shares sold
2,000 shares
Class A Common Stock sold in open-market transaction on June 1, 2026
Weighted average sale price
$199.0075 per share
Average price across multiple trades ranging from $199.00 to $199.075
Shares held after sale
30,995 shares
Indirect holdings by The Erika Rottenberg Revocable Trust following the transaction
Transaction type
Open-market sale (Code S)
Non-derivative Class A Common Stock transaction reported on Form 4
Trading plan date
December 10, 2025
Date of the Rule 10b5-1 trading plan governing the reported sales
Key Terms
Rule 10b5-1 trading plan, weighted average price, open-market sale, Revocable Trust
4 terms
Rule 10b5-1 trading plan regulatory
"The sales reported were executed under the Reporting Person's 10b5-1 trading plan, dated as of 12/10/2025."
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.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Revocable Trust financial
"Shares are held by The Erika Rottenberg Revocable Trust."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Twilio (TWLO) director Erika Rottenberg report in this Form 4?
Erika Rottenberg reported that her revocable trust sold 2,000 Twilio Class A shares in an open-market transaction at a weighted average price of $199.0075 per share, leaving the trust with 30,995 shares after the sale.
Was the Twilio (TWLO) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states the sales were executed under Erika Rottenberg’s Rule 10b5-1 trading plan dated December 10, 2025, indicating the transactions were pre-arranged rather than opportunistic, which often reflects routine portfolio or liquidity management.
AI-generated analysis. How Rhea-AI works. Not financial advice.
