Twilio (TWLO) Director Andrew Stafman Sells 500,000 Shares

What Happened

• Andrew J. Stafman, a director of Twilio (TWLO) and a partner at Sachem Head, reported an open-market sale of 500,000 shares on August 12, 2026. The shares were sold at $247.08 per share for total proceeds of $123,540,000. This is a sale (not a purchase or option exercise).

Key Details

• Transaction date and price: 2026-08-12 — Sale of 500,000 shares at $247.08/share (total $123,540,000).
• Transaction type: Open-market sale (Report code S).
• Shares owned after transaction: Not disclosed on this Form 4.
• Filing timeliness: Form 4 filed with a Period of Report and Filing Date of 2026-08-12 (same day as transaction); no late filing indicated in the record.
• Notable footnotes: filing is joint with Sachem Head entities and Scott D. Ferguson; footnotes state Sachem Head and related entities may be deemed beneficial owners of securities and that Mr. Stafman granted his rights in the subject securities to Sachem Head for no consideration.

Context

• Stafman is both a Twilio director and a partner at Sachem Head, an investment adviser; the Form 4 is jointly filed with Sachem Head-related entities. Large insider sales can reflect portfolio or institutional actions and are not, by themselves, proof of a change in the insider’s view of the company.