Form 4: Twilio CFO Aidan Viggiano Sells Shares to Cover Tax Obligations

Twilio's Chief Financial Officer, Aidan Viggiano, sold 6,633 shares of Class A Common Stock on April 1, 2024, to cover statutory tax withholding obligations related to the vesting of Restricted Stock Units.

Summary

• On April 1, 2024, Aidan Viggiano, the Chief Financial Officer of Twilio Inc., sold 6,633 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 $62.1249, with individual transactions ranging from $61.88 to $62.35 per share.
• Following the transaction, Viggiano beneficially owns 234,411 shares, a portion of which are RSUs representing a contingent right to receive Class A common stock.

Sentiment

Score: 5

Explanation: This is a routine transaction to cover tax obligations, so it doesn't significantly impact sentiment.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives.

Stakeholder Impact

• The sale has a minimal impact on shareholders as it is a standard transaction for tax purposes.

Key Dates