Form 4: Twilio CEO Sells Shares to Cover Tax Obligations

Twilio's CEO, Khozema Shipchandler, sold 11,241 shares of Class A Common Stock on July 1, 2024, to cover statutory tax withholding obligations related to the vesting of Restricted Stock Units.

Summary

• On July 1, 2024, Khozema Shipchandler, the CEO of Twilio Inc., sold 11,241 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $56.2877 per share.
• The shares were sold to cover statutory tax withholding obligations associated with the vesting of Restricted Stock Units (RSUs).
• Following the transaction, Shipchandler beneficially owns 300,084 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) and doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives. This transaction is not necessarily indicative of the CEO's sentiment towards the company's future prospects.

Stakeholder Impact

• The sale of shares could have a minor, temporary impact on the stock price.

Key Dates