Form 4: Twilio CFO Aidan Viggiano Reports Stock Sales to Cover Tax Obligations

Twilio's Chief Financial Officer, Aidan Viggiano, sold shares of Class A Common Stock to cover statutory tax withholding obligations related to the vesting of Restricted Stock Units.

Summary

• On September 30, 2024, Aidan Viggiano, the Chief Financial Officer of Twilio Inc., reported the sale of Class A Common Stock.
• A total of 6,701 shares were sold in two transactions to cover statutory tax withholding obligations associated with the vesting of Restricted Stock Units (RSUs).
• The first transaction involved the sale of 6,501 shares at a weighted average price of $65.0181 per share, with individual prices ranging from $64.50 to $65.41.
• The second transaction involved the sale of 200 shares at a price of $65.51 per share.
• Following these transactions, Viggiano beneficially owns 177,869 shares of Twilio's Class A Common Stock, a portion of which are RSUs representing a contingent right to receive one share of Class A common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (stock sales for tax obligations) and doesn't convey any strong positive or negative sentiment about the company's prospects.

Industry Context

Sales of stock to cover tax obligations upon vesting of RSUs are a common practice among corporate executives. This activity is generally viewed as routine and not necessarily indicative of the executive's long-term outlook on the company.

Key Dates