[Form 4] TWILIO INC Insider Trading Activity

Rhea-AI Filing Summary

Twilio Inc. director and CEO Shipchandler Khozema reported sales of a total of 12,922 shares of Class A common stock executed on 10/03/2025 under a pre-existing 10b5-1 trading plan. The sales occurred in multiple transactions: 3,462 shares sold at a weighted average price of $103.3009 and 9,460 shares sold at a weighted average price of $104.3732.

Following the reported transactions, the filing shows beneficial ownership figures of 229,843 and 220,383 Class A shares on the respective report lines. The filer discloses that a portion of the shares sold were deliverable upon settlement of Restricted Stock Units (RSUs), and that the sales were executed across price ranges disclosed in the footnotes.

Positive

• Sales executed under a dated 10b5-1 trading plan, supporting procedural compliance
• Disclosure specifies RSU origin for a portion of shares sold, improving transparency
• Weighted average prices provided with price ranges disclosed in footnotes

Negative

• Insider disposed of 12,922 shares on 10/03/2025, reducing direct holdings
• Ownership on report lines decreased to 229,843 and 220,383 shares, which could be perceived negatively by some investors

Insights

Corporate Governance Analyst

Insider sales followed an established 10b5-1 plan; disclosure is thorough.

The reported transactions show that the reporting person used a 10b5-1 plan dated 2/24/2025 to sell a total of 12,922 shares on 10/03/2025, with weighted average prices of $103.3009 and $104.3732. Using a pre-set plan typically indicates the trades were formulaic rather than opportunistic.

Risks and dependencies include timing and size relative to total holdings and potential market perception; monitor any subsequent filings that change beneficial ownership materially within the next 90 days.

Executive Compensation Analyst

Sales included shares tied to RSUs, showing routine vesting and liquidity management.

The filing states that part of the sold shares represented Restricted Stock Units (RSUs), each convertible into one Class A share, indicating these transactions may be driven by vesting schedules or tax-liability events rather than a change in view of company prospects.

Watch for future filings showing changes in RSU vesting, additional 10b5-1 plans, or large option exercises over the next 6 months that could further affect reported ownership.

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

3. Date of Earliest Transaction (Month/Day/Year)
10/03/2025

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	10/03/2025		S(1)		3,462	D	$103.3009(2)	229,843(3)	D
Class A Common Stock	10/03/2025		S(1)		9,460	D	$104.3732(4)	220,383(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 $102.80 to $103.79 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 Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of 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 $103.83 to $104.74 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	10/07/2025
	** 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 insider Shipchandler Khozema sell on 10/03/2025?

The reporting person sold a total of 12,922 Class A shares on 10/03/2025, executed under a 10b5-1 trading plan.

At what prices were the TWLO shares sold?

Sales were executed at weighted average prices of $103.3009 (range $102.80–$103.79) and $104.3732 (range $103.83–$104.74) per the filing.

Were the sold TWLO shares from vested awards or open-market holdings?

The filing discloses that a portion of the shares represented Restricted Stock Units (RSUs), each convertible into one Class A share.

Was the sale part of an automated trading plan for TWLO insiders?

Yes. The sales were executed under a 10b5-1 trading plan dated 2/24/2025, as stated in the filing.

How many Class A shares does the reporting person beneficially own after these transactions?

The form lists beneficial ownership amounts of 229,843 and 220,383 Class A shares on the respective report lines following the transactions.