Twilio (TWLO) Director Andrew Stafman Receives 345 RSUs

What Happened

• Andrew J. Stafman, a Twilio director and partner at Sachem Head, was granted 345 restricted stock units (RSUs) on 2026-09-15. The RSUs were reported at an acquisition price of $0.00 and vested immediately on the grant date. Because the filing records a $0 price, the economic value depends on Twilio’s market price when the underlying shares are delivered or taxed.

Key Details

• Transaction date and type: 2026-09-15 — Award/Grant (code A), 345 RSUs @ $0.00 each.
• Vesting: The RSUs vested immediately on the grant date (per footnote).
• Shares owned after transaction: The Form 4 indicates 14,236 RSUs in total (all RSUs), including 4,191 RSUs that have been deferred by the reporting person; Sachem Head funds separately own 120,000 Class A shares (per footnotes).
• Transfer/beneficial ownership: Per the filing, upon receipt Stafman granted all rights in these Subject Securities to Sachem Head for no consideration; the Form 4 is jointly filed by Sachem Head-related entities and disclaims beneficial ownership except to the extent of any pecuniary interest.
• Timeliness: Filed 2026-09-17 for a 2026-09-15 transaction — within the typical two-business-day Form 4 deadline (not marked late).

Context

• These were RSUs (an award), not an open-market purchase or sale. Awards that vest immediately can be compensatory or part of negotiated arrangements; because Stafman transferred rights to Sachem Head, this looks like an institutional allocation rather than a personal buy/sell signal.
• The $0 reported acquisition price is standard for RSU grants (no cash paid); the actual monetary value to the recipient depends on Twilio’s share price when shares are delivered or subject to taxation.