Twilio Form 4: 763 RSUs Vest for Director; Beneficial Ownership 17,027

Rhea-AI Filing Summary

Patrick Deval L, a director of Twilio Inc. (TWLO), reported an acquisition of 763 Restricted Stock Units (RSUs) on 09/15/2025 that vested immediately and carry a $0 acquisition price per share. After the reported transaction, the filing shows 17,027 shares beneficially owned by the reporting person, which includes RSUs that have been deferred. The Form 4 was signed on behalf of the reporting person by an attorney-in-fact on 09/17/2025. The filing discloses only non-derivative activity (Class A common stock RSUs) and provides an explanatory note that each RSU represents the contingent right to receive one share of Class A common stock.

Positive

• 763 RSUs were acquired and vested immediately on 09/15/2025, increasing reported ownership
• Filing discloses 17,027 shares beneficially owned and includes explanatory notes on RSU conversion and deferral

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received 763 RSUs that vested immediately, increasing reported beneficial ownership to 17,027 shares.

This Form 4 documents a routine equity grant to a company director consisting of 763 Restricted Stock Units that vested on the grant date. The report clarifies each RSU converts to one share of Class A common stock and notes a portion of the reporting person's RSUs have been deferred. From a governance perspective, immediate vesting should be reviewed against company policy and disclosure practices to confirm alignment with director compensation governance; the filing itself is a standard Section 16 disclosure of beneficial ownership change.

Securities Compliance Analyst

TL;DR: Filing properly reports acquisition and vesting of RSUs and shows signature by attorney-in-fact.

The Form 4 includes key compliance elements: reporting person identity and address, transaction date (09/15/2025), transaction code indicating acquisition, number of RSUs (763) acquired at $0 price, resulting beneficial ownership (17,027 shares), and a dated signature by an attorney-in-fact (09/17/2025). It also provides the required explanatory footnotes about RSU vesting and deferral. No amendments or derivative transactions are reported.

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

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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^*

PATRICK DEVAL L

(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		763(1)	A	$0	17,027(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 TWLO director Patrick Deval L report on Form 4?

He reported acquisition of 763 Restricted Stock Units (RSUs) on 09/15/2025 that vested immediately and were reported at a $0 price.

How many shares does the reporting person beneficially own after the transaction?

The Form 4 shows the reporting person beneficially owns 17,027 shares following the reported transaction.

Do the RSUs convert to common stock?

Yes. The filing states each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.

When was the Form 4 signed and by whom?

The Form 4 was signed on behalf of the reporting person by Juliana Chen as attorney-in-fact on 09/17/2025.

Was any derivative security reported on this Form 4?

No. The filing reports only non-derivative securities (RSUs/Class A common stock); Table II for derivatives contains no entries.