Uncas GP LLC 4
4 · TWILIO INC · Filed May 27, 2026
Research Summary
AI-generated summary of this filing
Twilio (TWLO) Director Andrew Stafman Sells 1,000,000 Shares
What Happened
Andrew J. Stafman, a director of Twilio Inc., reported an open‑market sale of 1,000,000 shares on May 27, 2026 at $184.14 per share, for total proceeds of $184,140,000. The transaction is reported as a sale (code S).
Key Details
- Transaction date and price: May 27, 2026 — 1,000,000 shares sold at $184.14 each.
- Transaction value: $184,140,000 (gross proceeds).
- Shares owned after transaction: Not specified in the provided Form 4 excerpt.
- Filing timeliness: Form 4 lists the same report and transaction date (May 27, 2026); no late filing indicated in the excerpt.
- Notable footnotes: Filing is joint among Andrew J. Stafman, Sachem Head entities, and affiliates. Footnotes state Sachem Head (an investment adviser and affiliated funds) and related entities may be deemed beneficial owners of the reported securities; Stafman reportedly granted all rights in the subject securities to Sachem Head for no consideration. Each reporting person disclaims beneficial ownership except for any pecuniary interest.
Context
- This was an outright sale (not an exercise, award, or gift). Sales by directors can be routine liquidity events and do not by themselves indicate company outlook.
- The joint filing and footnotes indicate institutional/affiliate involvement (Sachem Head and related entities), so the reported sale may reflect positions or transactions by the investment adviser/funds rather than only the individual’s personal holdings.
Insider Transaction Report
Form 4
TWILIO INCTWLO
Stafman Andrew
Director
Transactions
- Sale
Class A Common Stock
[F1][F2][F3][F4]2026-05-27$184.14/sh−1,000,000$184,140,000→ 620,000 total(indirect: See footnotes)
Holdings
- 13,492
Class A Common Stock
[F1][F4][F5]
Footnotes (5)
- [F1]In addition to Andrew J. Stafman, this Form 4 is being filed jointly by Sachem Head Capital Management LP ("Sachem Head"), Uncas GP LLC ("SH Management"), Sachem Head GP LLC ("Sachem Head GP"), and Scott D. Ferguson, a citizen of the United States (Mr. Ferguson and, together with Sachem Head, SH Management, Sachem GP, and Mr. Stafman, the "Reporting Persons"). Each of the Reporting Persons has the same business address as Mr. Stafman and may be deemed to be the beneficial owner of certain of the securities reported on this Form 4 (the "Subject Securities") for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended. Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein.
- [F2]Includes securities directly owned by Sachem Head LP ("SH"), Sachem Head Master LP ("SHM"), and SH Stony Creek Master Ltd. ("Stony Creek Master" and, together with SH and SHM, the "Sachem Head Funds"). Each of Sachem Head, as the investment adviser to the Sachem Head Funds, SH Management, as the sole general partner of Sachem Head, and Scott D. Ferguson, as the managing partner of Sachem Head, may be deemed to beneficially own the securities directly owned by the Sachem Head Funds. As the general partner of SH and SHM, Sachem Head GP may be deemed to beneficially own the securities directly owned by SH and SHM.
- [F3]The principal business of Sachem Head is to serve as investment advisor to certain affiliated funds, including the Sachem Head Funds. The principal business of SH Management is to serve as the sole general partner of Sachem Head. The principal business of Sachem Head GP is to serve as the general partner of certain affiliated funds, including SH and SHM. The principal occupation of Scott D. Ferguson is to serve as the managing partner of Sachem Head and the managing member of SH Management and Sachem Head GP.
- [F4]Andrew J. Stafman is a partner at Sachem Head and also serves on the board of directors of the Issuer. As a result, the Reporting Persons other than Mr. Stafman may be deemed directors of the Issuer by deputization.
- [F5]Pursuant to an arrangement between Andrew J. Stafman and Sachem Head, upon receipt of the Subject Securities, Andrew J. Stafman granted all right, title, interest, claims, and any other ownership interests in such Subject Securities to Sachem Head for no consideration.