4/A: Twilio Director Miyuki Suzuki Amends Filing on Stock Transactions

Miyuki Suzuki, a director at Twilio Inc., amended a previous SEC Form 4 filing to correct details regarding a Restricted Stock Unit (RSU) grant and report tax withholding obligations.

Summary

• Miyuki Suzuki, a director at Twilio Inc., filed an amended Form 4 with the SEC to correct information about a previous transaction.
• The amendment clarifies details regarding a Restricted Stock Unit (RSU) grant that did not occur as originally reported.
• The filing also reports the withholding of 439 shares of Class A common stock by Twilio to satisfy tax obligations related to the vesting of RSUs at a price of $63.89.
• Following the reported transactions, Suzuki beneficially owns 8,773 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It reflects standard insider trading reporting.

Industry Context

Form 4 filings are standard practice for company insiders (directors, officers, and large shareholders) to report transactions in their company's stock, providing transparency to the market.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for corporate insiders in publicly traded companies, ensuring transparency in stock transactions.
• Similar filings are made by insiders at companies like Salesforce (CRM), Zoom (ZM), and RingCentral (RNG) when they trade their company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It assures stakeholders that insider transactions are being monitored and reported as required by regulations.

Key Dates