Twilio director trust sells 1,500 shares
Twilio Inc. director Erika Rottenberg reported an open-market sale of Class A Common Stock executed by The Erika Rottenberg Revocable Trust.
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Form Type
4
Rhea-AI Filing Summary
Twilio Inc. director Erika Rottenberg reported an open-market sale of Class A Common Stock executed by The Erika Rottenberg Revocable Trust. On 4 May 2026, the trust sold 1,500 shares at a weighted average price of $185.3159 per share under a pre-set Rule 10b5-1 trading plan dated 10 December 2025.
After this transaction, 32,995 Twilio shares remain indirectly held by the trust. The sale was carried out in multiple trades within a price range from $185.235 to $185.49 per share.
Insider Trade Summary 10b5-1
Net Seller: 1,500 shares
Net Sell
1 txn
Insider
ROTTENBERG ERIKA
Role
Director
Sold
1,500 shs ($278K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,500 | $185.3159 | $278K |
Holdings After Transaction:
Class A Common Stock — 32,995 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 $185.235 to $185.49 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: 1,500 shares
Weighted average sale price: $185.3159 per share
Post-transaction holdings: 32,995 shares
+2 more
5 metrics
Shares sold
1,500 shares
Class A Common Stock sold on 4 May 2026
Weighted average sale price
$185.3159 per share
Open-market sale by revocable trust
Post-transaction holdings
32,995 shares
Indirectly held by The Erika Rottenberg Revocable Trust after sale
Sale price range
$185.235–$185.49 per share
Range of individual trades in reported transaction
Trading plan date
10 December 2025
Date of Rule 10b5-1 trading plan governing the sale
Key Terms
10b5-1 trading plan, weighted average price, Revocable Trust, open-market sale
4 terms
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 10b5-1 trading plan is a pre-arranged strategy that allows company insiders to buy or sell company stock at set times, regardless of their current knowledge about the company's situation. It acts like a scheduled appointment for trading, helping prevent the appearance of impropriety or insider trading. This plan provides a way for insiders to sell or buy shares in a controlled, transparent manner, offering reassurance to investors about fair trading practices.
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.
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.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did TWLO director Erika Rottenberg report?
Director Erika Rottenberg reported that her revocable trust sold 1,500 shares of Twilio Class A Common Stock. The open-market sale occurred on 4 May 2026 at a weighted average price of $185.3159 per share, with multiple trades executed within a narrow price range.
Was the TWLO insider sale made under a Rule 10b5-1 trading plan?
Yes. The filing states the sales were executed under the reporting person’s 10b5-1 trading plan dated 10 December 2025. Such pre-arranged plans schedule trades in advance, making the timing more routine and less indicative of short-term information.
AI-generated analysis. How Rhea-AI works. Not financial advice.
