Form 4: Twilio Director Andrew Stafman Receives and Transfers Restricted Stock Units to Sachem Head Capital

Andrew Stafman, a director at Twilio, received 1,250 Restricted Stock Units (RSUs) which vested immediately and were then transferred to Sachem Head Capital Management LP.

Summary

• On September 16, 2024, Andrew Stafman, a director of Twilio Inc., received 1,250 Restricted Stock Units (RSUs) that vested immediately.
• These RSUs represent the contingent right to receive one share of Twilio's Class A common stock each.
• Stafman then transferred all rights and ownership of these RSUs to Sachem Head Capital Management LP for no consideration.
• The filing also indicates that Sachem Head Capital Management LP, along with related entities and Scott D. Ferguson, may be deemed beneficial owners of 3,295,000 shares of Twilio's Class A common stock owned by the Sachem Head Funds prior to the RSU grant.
• The reporting persons disclaim beneficial ownership of the subject securities except to the extent of any pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing reflects the ongoing ownership and management structure of Twilio, with Sachem Head Capital Management LP holding a significant stake and having representation on the board.

Key Dates