Twilio (NYSE: TWLO) director awarded 673 RSUs that vest immediately

Rhea-AI Filing Summary

PATRICK DEVAL L reported acquisition or exercise transactions in this Form 4 filing.

Twilio Inc. director Patrick Deval received a grant of 673 shares of Class A common stock in the form of restricted stock units (RSUs). Each RSU represents the right to receive one share, and the RSUs vested immediately on the grant date. Following this compensation-related award, Deval holds 18,327 shares directly, including RSUs that have been deferred.

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

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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)
03/15/2026

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	03/15/2026		A		673(1)	A	$0	18,327(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	03/17/2026
	** 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).
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FAQ

What insider transaction did Twilio (TWLO) report for Patrick Deval?

Twilio reported that director Patrick Deval received a grant of 673 restricted stock units. Each RSU equals one share of Class A common stock and vested immediately, increasing his directly held and deferred share-based holdings.

How many Twilio shares does Patrick Deval hold after this Form 4?

After the grant, Patrick Deval holds 18,327 shares of Twilio Class A common stock. This figure includes both directly held shares and restricted stock units that have been deferred under company arrangements.

Was the Twilio (TWLO) Patrick Deval transaction a market purchase or sale?

The transaction was not a market purchase or sale; it was a grant of 673 restricted stock units. These RSUs represent equity compensation and vested immediately rather than being acquired through open-market trading.

What are the key terms of Patrick Deval’s RSU grant at Twilio?

Patrick Deval received 673 restricted stock units, with each unit representing one share of Class A common stock. According to the filing, the RSUs vested immediately on the grant date, making them fully earned at once.

Does the Twilio Form 4 mention deferred RSUs for Patrick Deval?

Yes. A footnote states that his total holdings include restricted stock units that have been deferred. This means some of Deval’s reported 18,327 shares reflect deferred RSUs rather than currently settled common shares.