Form 4: Twilio CEO Khozema Shipchandler Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Twilio's CEO, Khozema Shipchandler, sold 11,285 shares of Class A Common Stock on December 31, 2024, to cover statutory tax withholding obligations related to vesting Restricted Stock Units.
Summary
- On December 31, 2024, Khozema Shipchandler, the CEO of Twilio Inc., sold 11,285 shares of Class A Common Stock.
- The sale was executed to cover statutory tax withholding obligations associated with the vesting of Restricted Stock Units (RSUs).
- The shares were sold at a weighted average price of $107.2106, with individual transactions ranging from $106.72 to $107.70 per share.
- Following the transaction, Shipchandler still beneficially owns 255,805 shares, a portion of which are RSUs representing a contingent right to receive Class A common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sell-to-cover) for tax obligations, so the sentiment is neutral.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among executives of publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of stock sale transaction. |
| 01/03/2025 | Date of Form 4 filing. |
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