Form 4: Twilio's Chief Legal Officer, Dana Wagner, Reports Stock Sale to Cover Tax Obligations

Dana Wagner, Chief Legal Officer and Secretary of Twilio Inc., sold 4,237 shares of Class A Common Stock on July 1, 2024, to cover statutory tax withholding obligations related to vesting Restricted Stock Units.

Summary

• On July 1, 2024, Dana Wagner, the Chief Legal Officer and Secretary of Twilio Inc., sold 4,237 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 $56.2763, with individual transactions ranging from $56.07 to $56.46 per share.
• Following the transaction, Wagner beneficially owns 160,137 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 related to tax obligations and doesn't indicate a significant positive or negative sentiment.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives. This transaction is a routine part of executive compensation and tax management.

Stakeholder Impact

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

Key Dates