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 May 15, 2025, to cover statutory tax withholding obligations related to the vesting of Restricted Stock Units.

Summary

• On May 15, 2025, Aidan Viggiano, the CFO of Twilio Inc., sold 1,923 shares of Class A Common Stock at a weighted average price of $112.7468 per share.
• An additional single share was sold at $113.26.
• These sales were to cover statutory tax withholding obligations associated with the vesting of Restricted Stock Units (RSUs).
• The sales were mandated by Twilio's equity incentive plans, requiring a 'sell-to-cover' transaction to satisfy minimum tax obligations.
• Following the transactions, Viggiano beneficially owns 166,240 shares of Twilio's Class A Common Stock, which includes RSUs and 259 shares acquired through the Employee Stock Purchase Plan.

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 performance.

Industry Context

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

Stakeholder Impact

• The sale of shares by the CFO could have a minor, temporary impact on the stock price, but is unlikely to significantly affect long-term shareholder value.

Key Dates

Keywords

Form 4, Twilio, TWLO, Aidan Viggiano, CFO, Stock Sale, Restricted Stock Units, RSUs, Tax Withholding, Employee Stock Purchase Plan