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

Twilio's Chief Financial Officer, Aidan Viggiano, sold shares of Class A Common Stock on March 31, 2025, to cover statutory tax withholding obligations related to the vesting of Restricted Stock Units.

Summary

• On March 31, 2025, Aidan Viggiano, the Chief Financial Officer of Twilio Inc., sold shares of Class A Common Stock.
• The sales were executed in multiple transactions at weighted average prices of $94.9783, $96.025, and $96.6284 per share.
• A total of 2,865, 1,526, and 3,133 shares were sold at these respective prices.
• These sales were mandated by Twilio's equity incentive plans to cover statutory tax withholding obligations associated with the vesting of Restricted Stock Units (RSUs).
• Following these transactions, Viggiano beneficially owns 176,640 shares of Class A Common Stock, a portion of which are represented by RSUs.

Sentiment

Score: 5

Explanation: The document reflects 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

Insider sales are a common occurrence, especially to cover tax obligations related to equity compensation. The market typically analyzes these sales in the context of the overall financial health and future prospects of the company.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market, but it is unlikely to be significant given the purpose of the sale.

Key Dates

Keywords

Form 4, Insider Trading, Aidan Viggiano, Chief Financial Officer, TWLO, Twilio, Stock Sale, RSU, Restricted Stock Units, Tax Withholding