SCHEDULE: JPMorgan Chase & Co. Boosts Twilio Stake to 6.0%

JPMorgan Chase & Co. has disclosed an increased beneficial ownership of 6.0% in Twilio Inc.'s Class A Common Stock as of December 31, 2025.

Summary

• JPMorgan Chase & Co. reported beneficial ownership of 9,152,777 shares of Twilio Inc. Class A Common Stock.
• This represents 6.0% of the Class A Common Stock outstanding.
• The filing is an Amendment No. 2 to a Schedule 13G, indicating a change from a previous filing.
• The shares are held in the ordinary course of business and not for the purpose of changing or influencing control of Twilio Inc.
• JPMorgan Chase & Co. holds sole voting power over 7,061,018 shares and shared voting power over 12,698 shares.
• JPMorgan Chase & Co. holds sole dispositive power over 9,143,961 shares and shared dispositive power over 8,631 shares.
• Several subsidiaries of JPMorgan Chase & Co. are identified as having acquired the securities, including J.P. Morgan Trust Company of Delaware, J.P. Morgan Securities LLC, and JPMorgan Asset Management (UK) Limited.

Sentiment

Score: 5

Explanation: Neutral, as this is a routine disclosure of beneficial ownership by a large institutional investor, not an earnings report or strategic update. It provides factual information without inherent positive or negative sentiment regarding company performance.

Positives

• A major financial institution, JPMorgan Chase & Co., maintains a significant 6.0% stake in Twilio Inc., indicating continued institutional interest and confidence in the company.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, which can influence market perception and liquidity. The continued holding by a major financial institution may be viewed as a sign of stability.

Key Dates

Recommendation

The filing is a routine disclosure of beneficial ownership by a major institutional investor, JPMorgan Chase & Co., maintaining a 6.0% stake in Twilio Inc. It does not contain new financial performance data, strategic updates, or material changes that would warrant a change in investment thesis. The continued significant holding by a large institution suggests a stable, long-term interest, supporting a 'hold' recommendation for current investors.

Keywords

Twilio Inc., JPMorgan Chase & Co., Schedule 13G, Beneficial Ownership, Class A Common Stock, Institutional Investor, SEC Filing, TWLO